China Races Past – Winnie Pang

From The Standard:

The buoyant China has become the world’s sixth largest – displacing Hong Kong – after mainland shares extended their spectacular gains in the past month.

The combined market capitalization of the Shanghai and Shenzhen bourses, including A shares and B shares, reached 13.95 trillion yuan (HK$14.106 trillion) Tuesday after the Composite Index and the Composite Index surged 28.74 percent and 66.85 percent year-to-date, respectively.

After the benchmark Hang Seng Index jumped another 138 points Tuesday, Hong Kong’s bourse had market capitalization of HK$13.9666 trillion.[Full Text]


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