A Share Market Value Exceeded 50 Trillion First

With the Shanghai Composite Index standing seven points again for 4600 years, on the 22 day, the Shanghai and Shenzhen two markets exceeded the 50 trillion yuan mark for the first time.

According to the circulation market value data at the end of 5 2008, the volume of A shares increased by more than 5 times in just 7 years.

While growing fast, people expect the Chinese stock market to become more robust.

On the 22 day, the Shanghai and Shenzhen stock markets continued to be strong in recent days. The Shanghai Composite Index stood at 4600 points, setting a new high of nearly seven and a half years, or 2.83%.

The gem index has also revised its record high in the market.

Driven by this, the market value of Shanghai and Shenzhen two cities broke through the 50 trillion yuan mark, reaching 506561 billion yuan, up 8.29% from the previous weekend.

Over the same period, the total market capitalization of A shares reached 62 trillion and 470 billion yuan, a sharp increase of 9.26% in a week.

The average price of the two cities is 16.09 yuan, and the weekly increase is more than 9%.

The market value of A shares exceeded the previous 10 trillion yuan level, which occurred in the early April.

Data show that as of April 3rd, the market value of the two cities exceeded 40 trillion yuan, at 41 trillion and 80 billion yuan.

In the next 33 trading days, A shares increased by nearly 300 billion yuan on duty day.

In less than two months, "inflation" is nearly 10 trillion yuan. The rapid growth of A shares stems from two factors: on the one hand, as of May 22nd, the total number of Listed Companies in Shanghai and Shenzhen two cities has reached 2734, an increase of 51 compared with the beginning of April.

IPO significantly increased speed and contributed a lot to A shares.

On the other hand, since the end of last November, A shares have been rising rapidly, and the valuation of the two cities has continued to rise.

As of 22 days, the average price earnings ratio of Shanghai and Shenzhen two cities reached 22.13 times and 60.3 times respectively.

The two data in April 3rd were 19.57 times and 48.17 times respectively.

In March 17th this year, the Shanghai Composite Index stood at 3500 points, a record high of nearly seven years.

Within two months, Shanghai stock index climbed more than 1000 points.

In May 22nd, Shanghai stock index returned to the top of 4600 points, hitting a 85 month high.

The Shanghai stock index fell 4600 points in the previous round in February 21, 2008.

The seemingly identical 4600 points represent a dramatic change in the market.

Historical data show that as at the end of 2 2008, the market value of Shanghai and Shenzhen two cities was 8 trillion and 960 billion yuan, and the total market value was 28 trillion and 50 billion yuan.

This means that the market value of A shares has increased by 4.65 times so far, and the total market value has doubled.

According to the circulation market value data at the end of 5 2008, the volume of A shares increased by more than 5 times in just seven years.

The market value is obviously not the only indicator reflecting the great change of A shares.

Since the middle of March, the A shares have remained at a trillion dollar level.

In May 22nd, the total volume of Shanghai and Shenzhen two cities approached 2 trillion yuan, and rewrote the "world record" again.

Data show that the average daily turnover of Shanghai stock market in April was 827 billion 800 million yuan, almost 10 times that of February 2008.

In the context of "one person, one family" restrictions, the new accounts of A shares have been "blowout" since mid April.

According to the latest statistics from China Securities Depository and Clearing Corporation, as of May 15th, the number of stock accounts in two cities has reached 209 million.

This figure is nearly doubled compared with the end of 2 in 2008.

In addition to the rapid growth of volume, the acceleration of infrastructure construction in China's stock market in the past seven years is also impressive.

In October 2009, the 10 year start board was officially opened, marking a major breakthrough in the construction of China's multi-level capital market.

In the 6 years, the GEM listed companies increased to 458, and the circulation market value exceeded 3 trillion and 500 billion yuan.

A large number of enterprises that are in line with the direction of industrial structure pformation and have new technology and new profit growth mode have landed in succession.

While improving the market structure, the construction of the system is improving day by day.

As the core system reform of "pulling the trigger and moving the whole body", the stock issue registration system is steadily advancing.

And *ST long oil, *ST Bo Yuan, *ST double delisting, suspension trading and delisting, marking the failure of the stock market elimination mechanism began to change.

At the same time, some chronic diseases are also worrying.

The innate defects of "retail oriented" and the imbalance of investors' structure become the biggest obstacle to the close of China's stock market and mature market.

False statements are repeated, and insider trading is hidden.

The level of governance of listed companies still needs to be improved.

These diseases, which have plagued the market for many years, have challenged the healthy development of A shares and become the "bull's eye" of stock market regulators to promote all-round reform.

It is worth noting that management's efforts to eradication of the stock market are converging with the relevant legal system.

In addition to a clear registration system, the revised Securities Law also has many highlights: substantially improving the punishment standard for issuing fraud, setting up a cash dividend system, adding new terms to prohibit cross market manipulation, and exploring representative litigation systems.