Shanghai's benchmark Composite Index hit 2,000 points again on November 20 after five years. By December 15, it closed at 2249.11 points and the Component Index of the Shenzhen Stock Exchange closed at 6044.276 points. That was boosted by a series of good news at the stock market.
The China Securities Regulatory Commission resumed initial public offerings (IPOs) on June 5, which was suspended throughout 2005. Within the following two months, nearly 50 billion yuan was raised from issuing new shares, surpassing the total amount in 2004 and 2005. The split share structure reform that started on April 29, 2005 is drawing to a close. Among the country's 1,418 mainland-listed firms, more than 90 percent completed, or are in the process of completing, share reform.
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