China's equity market is likely to triple over the next four years
01.10.06 19:42

 

SHANGHAI, Sept 27 (Reuters) - The size of China's equity market is likely to triple over the next four years as more foreign money pours in and Chinese firms raise funds there more actively, a senior industry official has predicted.

The total capitalisation of the Shanghai and Shenzhen stock exchanges will jump to 15 trillion yuan ($1.9 trillion) by 2010, from 5.2 trillion now, Zhang Yujun, President of the Shenzhen Stock Exchange, wrote in an article published on Wednesday.

"China will become an important capital market in the Asia-Pacific region in the next three to five years, because its development requires a strong and stable market," Zhang wrote.

 

The article, published on the Web site of the National Development and Reform Commission, China's top economic planner, estimated the capitalisation of China's equity market could reach 60 percent of the country's gross domestic product by 2010, more than double the current ratio.

Full Article on Reuters.com

 

 
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