Chinese Stocks at 10 Trillion Yuan
As of 1/129/2007 the total market value of listed companies in the two major exchanges in China reached at 10.7 trillion Yuan. This is the first time the market value of all stocks passed the 10 trillion Yuan mark. This is a significant number for the Chinese capital market.
Comparatively the US stock market value is approximately 14 trillion US dollars. The current currency exchange rate is one US dollar for about 8 Yuan. Then the US stock market is approximately 10 times the Chinese stock market.
The Chinese stock market value today is equivalent to the US stock market value at 25 years ago (1981). So it is very easy to say that the Chinese stock market value will reach 100 trillion Yuan in 25 years. This is equivalent to annual percentage rate of 10%. I believe this kind of long-time predictions.
Comparatively the US stock market value is approximately 14 trillion US dollars. The current currency exchange rate is one US dollar for about 8 Yuan. Then the US stock market is approximately 10 times the Chinese stock market.
The Chinese stock market value today is equivalent to the US stock market value at 25 years ago (1981). So it is very easy to say that the Chinese stock market value will reach 100 trillion Yuan in 25 years. This is equivalent to annual percentage rate of 10%. I believe this kind of long-time predictions.
posted by Unknown at 8:57 AM
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