国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China's stock market to take off soon: Credit Suisse

(Xinhua)
Updated: 2006-10-28 16:04

The equity value of the Chinese mainland capital market will surge to 1.88 trillion US dollars by 2010, as more overseas-listed state-owned companies choose to go public at home, according to Credit Suisse, the world's leading financial service group.

The aggregated value of China's Renminbi-dominated A-share and foreign-currency-dominated B-share markets stood at 630 billion US dollars on September 13.

Credit Suisse's prediction means that the two markets' equity value will reach 50 percent of gross domestic output in 2010 as against 18 percent last year.

Judging from the expansion of stock markets in Russia, the Republic of Korea and Thailand in the past two years, the forecast is conservative, said director Chen Changhua, a China watcher with Credit Suisse.

"It's actually lower than the world average and that of most emerging countries," he added.

The optimistic forecast came after scores of state-owned enterprises, such as Datong-Qinhuangdao Railway and Bank of China, went public on home turf.

Chen told an investment symposium on Thursday that the boom was fuelled by China's rapid economic growth, an adequate domestic capital supply and constant improvements in the stock market system.

Around 93 billion U.S.dollars will be raised on mainland bourses in the next five years, he said.

There are 53 local companies whose equity value exceeds three billion US dollars each. Twenty-nine of them have gone public overseas, posting an aggregated equity value of 731 billion US dollars.

"If they came back to list on the A-share market, the equity value of the A-share market would approach 1.4 trillion US dollars," Chen said.

He said that opportunities on the mainland capital market mainly concern large state-owned enterprises. But the biggest cash cow will be the banking sector whose profits will rise further as they engage in a broader range of financial activities.

Chen said that the largest system defect in China's stock market was disappearing as shareholding reforms convert non-tradable shares into tradable shares.

Now that 1,014 Chinese companies listed on the Shanghai and Shenzhen stock exchanges have completed the reforms, China's stock markets are booming.

The Shanghai Stock Exchange closed at 1902.14 points on Thursday, a new high.

(For more biz stories, please visit Industry Updates)

 
 

襄垣县| 平利县| 梅州市| 西平县| 永福县| 诸城市| 朝阳市| 拉萨市| 祁阳县| 黄浦区| 扎兰屯市| 广西| 琼海市| 繁昌县| 刚察县| 唐河县| 鄂伦春自治旗| 仙桃市| 玉龙| 仁化县| 石景山区| 县级市| 鹤岗市| 姚安县| 建瓯市| 类乌齐县| 栖霞市| 措勤县| 阿尔山市| 卢氏县| 高陵县| 怀来县| 当涂县| 张家界市| 轮台县| 阿鲁科尔沁旗| 柳江县| 思茅市| 新河县| 山阴县| 顺昌县|