Key information about China Market Capitalization

• China Market Capitalization accounted for 11,870.548 USD bn in Feb 2025, compared with a percentage of 11,513.605 USD bn in the previous month
• China Market Capitalization is updated monthly, available from Jul 1995 to Feb 2025
• The data reached an all-time high of 14,375.423 USD bn in Dec 2021 and a record low of 40.601 USD bn in Jan 1996

CEIC calculates monthly Market Capitalization as the sum of Market Capitalization of Shanghai Stock Exchange and Market Capitalization of Shenzhen Stock Exchange and converts it into USD. Shanghai Stock Exchange and Shenzhen Stock Exchange provides Market Capitalization in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

In 2024, the total market capitalization of China’s stock market totaled ** trillion yuan. The highest annual turnover in the country’s history, **** trillion yuan, was registered in 2021. In the same year, the trade revenue reached *** trillion yuan. The development of domestic financial markets was a key objective of the Chinese government. Stock markets in mainland China Mainland China has two major stock exchanges. One is the Shanghai Stock Exchange that consists of the Main-Board Market and the Star Market. The companies listed on the Main-Board were mature and established in their industries, whereas the Star Market targets innovative startups. The other big stock exchange was the Shenzhen Stock Exchange. It was separated into three boards, the Main-Board, the SME-Board, and ChiNext Market. Facilitating innovation One crucial aspect of the financial market development strategy in China was the fostering of innovation. The country had the problem that upcoming, domestic tech-companies preferred to list on stock markets overseas. Therefore, both major bourses established boards that had more lenient listing requirements. For instance, it would allow startups that had not yet turned a profit to gain access to the financial market. These boards were the ChiNext board in Shenzhen and the Star Market in Shanghai.

China's main stock market index, the SHANGHAI, rose to 3472 points on July 4, 2025, gaining 0.32% from the previous session. Over the past month, the index has climbed 2.61% and is up 17.71% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. China Shanghai Composite Stock Market Index - values, historical data, forecasts and news - updated on July of 2025.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

China A50 - A Window into the Future of Chinese Equities?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The Beijing Stock Exchange was the latest addition to mainland China's financial industry. In January 2025, the market capitalization reached more than 546 billion yuan. The new stock exchange was created by reforming the National Equities Exchange and Quotations (NEEQ) with the intention to provide SMEs who are excluded from the large exchange with a way to obtain capital.

Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Hang Seng Composite Large Cap & Mid Cap Index data was reported at 3,578.150 NA in Feb 2025. This records an increase from the previous number of 3,164.980 NA for Jan 2025. Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Hang Seng Composite Large Cap & Mid Cap Index data is updated monthly, averaging 3,484.910 NA from Jun 2015 (Median) to Feb 2025, with 117 observations. The data reached an all-time high of 4,768.220 NA in Feb 2021 and a record low of 2,281.990 NA in Oct 2022. Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Hang Seng Composite Large Cap & Mid Cap Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.EDI.SE: Hong Kong Stock Exchange: Monthly.

In 2023, the market capitalization of the Shanghai Stock Exchange amounted to over 6.5 trillion U.S. dollars. It was the largest bourse based on market capitalization in the Greater China region. In 2023, the market capitalization of the Shanghai Stock Exchange which trades in B shares amounted to 11.5 billion U.S. dollars. B-shares can only be traded by foreign investors, while A shares may only be traded by Chinese citizens.

Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Hang Seng Composite Large Cap Index data was reported at 2,050.030 NA in Apr 2025. This records a decrease from the previous number of 2,141.390 NA for Mar 2025. Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Hang Seng Composite Large Cap Index data is updated monthly, averaging 1,994.170 NA from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 2,779.250 NA in Feb 2021 and a record low of 1,310.520 NA in Oct 2022. Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Hang Seng Composite Large Cap Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.EDI.SE: Hong Kong Stock Exchange: Monthly.

As of December 2024, the Shanghai Stock Exchange had the largest domestic market capitalization among stock exchanges in the Asia Pacific region, amounting to approximately *** trillion U.S. dollars. Second in the ranking was the Shanghai Stock Exchange Group, followed by the Shenzhen Stock Exchange. Stock exchanges in Asia PacificThe major stock exchanges in the Asia-Pacific region are the Tokyo Stock Exchange in Japan, the Shanghai and Shenzhen Stock Exchange in Mainland China, the Hong Kong Stock Exchange in Hong Kong, and the Bombay Stock Exchange in India, which is also the oldest stock exchange in Asia. Also, five out of the ten largest stock exchange operators in the world are located in Asia.What is market capitalization?Market capitalization, also commonly referred to as market cap, is a measure of the total market value of outstanding shares of a company on the stock market. It indicates a company’s relative size and value while taking various determinants such as risk and the market’s perception into consideration. There are large-cap (>** billion), mid-cap (* to ** billion) and small-cap (*** million to * billion) companies depending on their market capitalization.

The market capitalization of listed domestic companies in China decreased to 11.5 trillion U.S. dollars compared to the previous year. Nevertheless, the last two years recorded a significantly higher market capitalization than the preceding years.Market capitalization, or market cap, refers to the total value of all a company's shares of stock. Based on market cap, companies may be categorized as large-, mid-, or small-cap.Find more statistics on other topics about China with key insights such as deposit interest rate.

In 2023, the National Equities Exchange and Quotations in China had a market capitalization of 2.2 trillion yuan. The market capitalization increased rapidly after 2014 and reached its peak in 2017 at almost five trillion yuan. A year later, the equity market had lost almost 1.5 trillion yuan in value. This was due to the bad investment climate in 2018 when stocks at the two big stock exchanges in Shanghai and Shenzhen both lost around 24 percent in value. However, since then, the NEEQ was unable to recover. This was because the large exchanges attempted to increase their appeal to young companies. Therefore, boards like the ChiNext in Shenzhen and the StarA board in Shanghai posed serious competition to the equity exchange.

Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Total Return: Hang Seng Composite Large Cap Index data was reported at 5,037.580 NA in Apr 2025. This records a decrease from the previous number of 5,246.860 NA for Mar 2025. Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Total Return: Hang Seng Composite Large Cap Index data is updated monthly, averaging 4,074.430 NA from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 5,915.850 NA in Feb 2021 and a record low of 2,783.220 NA in Feb 2016. Hong Kong SAR (China) Hong Kong Stock Exchange: Index: Total Return: Hang Seng Composite Large Cap Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.EDI.SE: Hong Kong Stock Exchange: Monthly.

Hong Kong Stock Exchange: Index: S&P/HKEX Large Cap Index data was reported at 35,021.180 NA in Mar 2025. This records an increase from the previous number of 34,608.590 NA for Feb 2025. Hong Kong Stock Exchange: Index: S&P/HKEX Large Cap Index data is updated monthly, averaging 30,441.710 NA from Aug 2013 (Median) to Mar 2025, with 140 observations. The data reached an all-time high of 44,773.180 NA in Feb 2021 and a record low of 20,456.100 NA in Oct 2022. Hong Kong Stock Exchange: Index: S&P/HKEX Large Cap Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.EDI.SE: Hong Kong Stock Exchange: S&P/HKEX: Monthly.

Hong Kong Index: Hang Seng Composite: HK LargeCap data was reported at 2,196.100 03Jan2000=2000 in Nov 2018. This records an increase from the previous number of 2,058.410 03Jan2000=2000 for Oct 2018. Hong Kong Index: Hang Seng Composite: HK LargeCap data is updated monthly, averaging 1,813.350 03Jan2000=2000 from Jan 2000 (Median) to Nov 2018, with 227 observations. The data reached an all-time high of 2,760.710 03Jan2000=2000 in Jan 2018 and a record low of 1,026.610 03Jan2000=2000 in Mar 2009. Hong Kong Index: Hang Seng Composite: HK LargeCap data remains active status in CEIC and is reported by Hong Kong Exchanges and Clearing Limited. The data is categorized under Global Database’s Hong Kong SAR – Table HK.Z001: Main Board: Stock Market Index.

In 2025, stock markets in the United States accounted for roughly ** percent of world stocks. The next largest country by stock market share was China, followed by the European Union as a whole. The New York Stock Exchange (NYSE) and the NASDAQ are the largest stock exchange operators worldwide. What is a stock exchange? The first modern publicly traded company was the Dutch East Industry Company, which sold shares to the general public to fund expeditions to Asia. Since then, groups of companies have formed exchanges in which brokers and dealers can come together and make transactions in one space. Stock market indices group companies trading on a given exchange, giving an idea of how they evolve in real time. Appeal of stock ownership Over half of adults in the United States are investing money in the stock market. Stocks are an attractive investment because the possible return is higher than offered by other financial instruments.

The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of almost ** trillion U.S. dollars as of June 2025. The following three exchanges were the NASDAQ, PINK Exchange, and the Frankfurt Exchange. What is a stock exchange? A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. Other functions of a stock exchange Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

With the growth of the Chinese economy, an increasing number of Chinese companies are appearing on the Forbes Global 2000 list. **************** was the Chinese company with the largest market value. Its market value amounted to around ****** billion U.S. dollars in 2023. Chinese companies on Forbes Global 2000 China had the second highest number of companies on this list, trailing behind the United States. Among the first ten public companies on the Global 2000 ranking, three were companies headquartered in China. The Industrial and Commercial Bank of China (ICBC) ranked as first Chinese enterprise on Forbes Global 2000 ranking. The leading four Chinese companies on the 2024 ranking are all from the financial sector. The rise of China's tech-giants Besides companies from the financial sector and energy sector, China's biggest internet companies Tencent and Alibaba also had good rankings. Both companies have grown significantly over the past years due to the rapid development of the internet business sector and the huge market in China. However, they have fallen back in the global ranking recently due to Beijing's tightened control of the tech sector. Both companies are investing a lot in the application of artificial intelligence to improve their working efficiency and clients’ experience.

The most valuable company measured by market capitalization on the Main Board of the Shenzhen Stock Exchange in June 2023 was CGN Power with a total value of 39 billion yuan. Besides the SME Board and the ChiNext, the Main Board is one of the three market-tiers of the bourse and targeted at large companies. In total, the combined market capitalization of the Main Board was 22 trillion yuan. Other notable companies listed on this board were: Ping An Bank, Chongqing Changan Automobile Company, and Yanjing Beer.

The dataset used in this paper is the China stock market data, which includes daily technical data like open, close, high, low, returns, volume, vwap, cap, and fundamental data like cap and industry classification.

The stock of the Chinese technology conglomerate Tencent had the highest market capitalization on the Hong Kong Stock Exchange. Tencent was worth over 2.61 trillion Hong Kong dollars in 2024. In addition to that, Tencent's share also had a high turnover, making it the most active stock on the bourse.

An acceptable compromise

The Hong Kong Exchange has a unique position in the global financial landscape that makes it a popular destination for companies from mainland China. Because the city is a special administrative region under the PRC but has a very liberal financial system with a large market capitalization, it enjoys certain privileges that remain unobtainable to the rest of the overseas financial markets. As a result, Hong Kong becomes a popular destination for mainland Chinese companies that want to gain access to global financial markets while maintaining proximity to home markets.

Closer to home

In an environment of rising tensions between the PRC and the United States, many Chinese companies listed on overseas stock exchanges feel pressure from both sides. After China’s cybersecurity watchdog CAC delisted the ride-hailing company DIDI’s application from app stores in mainland China shortly after its IPO on the New York Stock Exchange, it sent the stock into turmoil. Ultimately, the company leadership decided to transfer its shares to the Hong Kong Exchange. DIDI might not be the only Chinese enterprise that will come closer to the mainland as the SEC recently announced stricter auditing requirements while Beijing also amends its rules for overseas IPOs.