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Shanghai bourse may rank among world's top ten

(Xinhua)
Updated: 2007-04-11 15:15

TheShanghai Stock Exchangemay rank among the world's top ten bourses in terms of market value, as more giant Chinese firms return to list on the mainland.

Related readings: Shanghai exchange to revise rules on disclosure, delisting Exchange consults on dealing with A/H share price gaps Listed companies' profit growth bolsters stock market

The total market value of theShanghaiStock Exchange was 10.71 trillion yuan (1.34 trillion U.S. dollars) at Monday's closing, with yuan-denominatedA sharesvalued at 10.64 trillion yuan and hard-currencyB sharesat 70.86 billion yuan.

The market value of the Swiss bourse, ranked the 10th according to a November 2006 ranking, was 9.25 trillion yuan, less than that of Shanghai.

Shanghai is expected to see its market value grow further with large red-chip enterprises like China Mobile, PetroChina and CNOOC listing there.

The total market value of the Shanghai andShenzhen stock exchanges, standing at 13.76 trillion yuan on Monday's close, for the first time exceeded that ofHong KongStock Exchange reported on April 4 by a margin of 70 billion yuan.