stock market Photo:VCG
The Shanghai Composite Index surpassed the intraday high of 3,731.69 points, set on February 18, 2021, reaching 3,740.5 as of press time on Monday, marking a new high since August 20, 2015, the paper.cn reported on Monday.
Since hitting a low of 3,040.69 points on April 7, 2025, the benchmark index has risen by 22.72 percent. Notably, during the same period, the Shenzhen Component Index gained nearly 30 percent, while the ChiNext Index soared by 47 percent.
Meanwhile, as of 10:34 am on Monday, China’s total A-share market capitalization has surpassed 100 trillion yuan, setting a new record and marking the first time in A-share history to break the 100 trillion yuan threshold, Securities Times reported on Monday.
Regarding individual companies, as of the time of reporting, Agricultural Bank of China (ABC) leads the A-share market capitalization rankings with 2.19 trillion yuan, followed by Industrial and Commercial Bank of China (ICBC) with 2.02 trillion yuan. And, the A-share market capitalizations of Kweichow Moutai, PetroChina, Bank of China, and CATL all exceeded 1 trillion yuan.
Industrial Securities said in a note that the spectacular market rally is driven by a group of new growth drivers bolstered by the government’s strong policy support, which has revitalized investor confidence, attracting continuous inflows of incremental capital to snap up A-shares.
To sum up, the three core drivers supporting the rally— government policy, the incessant emergence of new and high technologies, and the inflow of incremental capital— will remain unchanged and are expected to continue to propel market growth, the paper.cn reported.
Global Times
