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The Chinese stock market ranked second in the world in terms of capitalization
The Chinese stock market came in second in terms of capitalization, ahead of Japan for the first time in three years, Bloomberg reports.
According to Interfax, since the beginning of 2014, the volume of the PRC's stock market since the beginning of 2014 has grown by 33% and amounted to $ 4,48 trillion - shares on Japanese stock exchanges are estimated at $ 4,46 trillion, by November 27, their value increased by 3,2 %.
The Shangshai Composite is up 24% this year, three times better than Japan's Topix, but the ratio of Chinese stocks to earnings is still below Japan's 12,5 and 15,9, respectively.
Last time, the capitalization of the Chinese stock market exceeded that of the Japanese in March 2011, when a devastating earthquake occurred on the territory of the island nation, which led to a radiation leak from the Fukushima nuclear power plant and a reduction in industrial production.