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China's stock market ranks world's No 2

By Yu Hongyan (chinadaily.com.cn)
Updated: 2010-01-28 10:47
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China's A-share stock market has become the world's second-largest by market value after the United States, the China Center for Market Value Management (CCMVM) said in a report yesterday.

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The report said that as of the end of 2009, the value of the China's A-share market rose 100.88 percent year-on-year to 24.27 trillion yuan ($3.57 trillion), overtaking Japan's $3.53 trillion. The US remained as the world's largest equities market, which was worth $15.08 trillion.

Market value of the Shanghai and Shenzhen stock exchanges came to $2.70 trillion and $870 billion respectively, ranking the 6th and 16th among world's bourses.
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