Market Access Report: Securities & Funds
September 02, 2002 | BY
clpstaff &clp articlesJones, Day, Reavis & PogueMainland China's stock markets, recently achieved a combined market capitalization of Rmb4.352 trillion (US$526 billion),…
Jones, Day, Reavis & Pogue
Mainland China's stock markets, recently achieved a combined market capitalization of Rmb4.352 trillion (US$526 billion), which makes them the largest in Asia ex-Japan. From 1991 to the end of 2001, China's Shanghai and Shenzhen securities markets raised a total of Rmb773 billion, an amount that is dwarfed by Chinese household savings, which have reached an astounding Rmb8 trillion. As individual investors in China are mulling over investment options offering various risks and returns, institutional investors in China are likewise concerned about enhancing the value of their cash in hand. China's social security fund, for example, has accumulated assets worth Rmb30 billion.
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