{"id":2231,"date":"2020-10-13T05:32:38","date_gmt":"2020-10-13T05:32:38","guid":{"rendered":"https:\/\/businessner.com\/?p=2231"},"modified":"2020-10-13T05:32:38","modified_gmt":"2020-10-13T05:32:38","slug":"chinas-stock-market-again-hit-10-trillion-level-in-five-years","status":"publish","type":"post","link":"https:\/\/businessner.com\/chinas-stock-market-again-hit-10-trillion-level-in-five-years\/","title":{"rendered":"China\u2019s Stock Market again hit $10 Trillion level in Five Years"},"content":{"rendered":"
China\u2019s domestic stock market is now a $10 trillion marketplace since the crash of 2015, according to the top news agencies<\/a>.<\/p>\n The market, second in the world, saw a low in March after the spread of Coronavirus globally. Since then $3.3 trillion market capitalization has been added with policy support from Beijing.<\/p>\n The policy reformation includes trading support, eased rules, and a stronger currency. A report from July<\/a> shows that the $10 trillion milestone was nearly touched by the Chinese stocks in July.<\/p>\n \u201cIt\u2019s possible China\u2019s market value can expand faster now that market reforms like the registration-based IPO system are in place.\u201d<\/p>\n – Hao Hong<\/p>\n<\/blockquote>\n A euphoric eight-day rally happened in July fueling worries of a financial bubble. Currently, the market is very close to the all-time high market capitalization claimed by Bloomberg on Monday.<\/p>\n The Bloomberg news also stated that the $10.04 trillion total market size makes Chinese stock markets the second in the world just behind the $38.3 trillion U.S stock market.<\/p>\n According to Hao Hong, a chief strategist for Bocom International in Hong Kong, \u201cIt\u2019s a meaningful number, especially coming after a pause in the stock rally.\u201d<\/p>\n China\u2019s stock market endured a record crash in 2015 where it lost half of the market value. The crash was a part of a bigger bubble which can be linked to a loosening regulation since 2010.<\/p>\n\n
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China\u2019s deadly Stock Market Crash in 2015<\/h2>\n