{"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

\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