China's domestic securities market raised 772.8 billion yuan
(about 106.6 billion U.S. dollars) in 2007, Shang Fulin, chairman
of the China Securities Regulatory Commission, said on
Thursday.
Addressing a national securities regulation work meeting, he
said the total turnover of the futures market hit 41 trillion yuan
in 728 million transactions.
In 2007, a total of 1,550 companies were listed on the country's
two bourses with a market value reaching 32.71 trillion yuan, he
said. Among those, shares worth 9.31 trillion yuan entered the
secondary market for trading.
Meanwhile, the number of active securities accounts in the
country had reached 92 million, Shang added.
The bull market, in which the key Shanghai Composite Index
nearly doubled last year, persuaded many low- and middle-income
households to move money out of bank deposits and into stocks.
Those with relatively low monthly incomes of 2,000 yuan to 5,000
yuan accounted for 70 percent of all investors, according to
official data.
(Xinhua News Agency January 18, 2008)
