China's Shenzhen bourse reports total market value of 23.7t yuan

BEIJING - The total market value of Shenzhen Stock Exchange, one of the major bourses in China, came in at 23.7 trillion yuan ($3.4 trillion) in 2019, the exchange said in a statement.

The initial public offering (IPO) applications of 78 companies were approved last year, bringing the number of listed companies on the Shenzhen bourse to 2,205.

A total of 508.93 billion yuan was raised in 2019 through stocks on the Shenzhen bourse, according to the exchange.

The bourse pledges strict enforcement of the revised securities law, continued advance of capital market reform and strengthened supervision to promote high-quality development of the economy.