China's main stock market index, the SHANGHAI, fell to 3898 points on December 2, 2025, losing 0.42% from the previous session. Over the past month, the index has declined 1.98%, though it remains 15.36% higher than a year ago, 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 December of 2025.

At the end of *************, the Shenzhen Component Index value was *********, an increase of about 1,000 index points from *************. The data clearly shows how the value of the index increased before the stock market crash of 2015 and the following sell-off in the following year. In addition to that, the low year-end index value of 2018 was the result of the worst trading year of the decade on Chinese stock exchanges. Together, stocks on the Shanghai and Shenzhen stock exchanges lost around ** percent in that year.

We examine the effect of minority state ownership on firm performance using the Chinese stock market crash in 2015. We find that treatment firms with minority state ownership accumulated from governmental purchases of equities experience significant reductions in operating performance. The negative impact is more severe in firms with higher riskiness and firms with less powerful large shareholders. We also find that treatment firms’ risk decreases and their employment increases after minority state shareholders step in, providing supportive evidence on the government’s motives of reducing risk and preventing mass layoffs. Further tests reveal the channels through which minority state ownership impedes investment efficiency, productivity, and innovation. The negative impact diminishes when government institutions divest their shares in a timely manner. Overall, our results suggest there are unintended negative consequences of minority state ownership arising from the governmental rescue package in a market crisis.

Hong Kong's main stock market index, the HK50, rose to 26095 points on December 2, 2025, gaining 0.24% from the previous session. Over the past month, the index has declined 0.24%, though it remains 32.15% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Hong Kong. Hong Kong Stock Market Index (HK50) - values, historical data, forecasts and news - updated on December of 2025.

Chinese listed companies data, encompasses stock price crash risk variables, audit system change records, and other necessary control variables. Date Submitted: 2023-11-18

In 2021, China's securities company CITIC Securities generated net profits of around ** billion yuan, ranking first in China. After the stock market crash in 2015, China's securities market has been shrinking, demonstrating less trading revenue and lower profit rate. However, Chinese equity market has been gradually picking up since 2019.

Key information about China P/E ratio

• China Shanghai Stock Exchange recorded a daily P/E ratio of 16.010 on 02 Dec 2025, compared with 16.060 from the previous day.
• China Shanghai Stock Exchange P/E ratio is updated daily, with historical data available from Apr 2001 to Dec 2025.
• The P/E ratio reached an all-time high of 24.950 in Jun 2015 and a record low of 9.590 in May 2014.
• Shanghai Stock Exchange provides daily P/E Ratio.

This study uses panel data on Chinese A-share listed companies in Shanghai and Shenzhen covering 2014 to 2020 selected through the following screening: first, we exclude listed companies in the finance and insurance sectors; second, we exclude listed companies in ST and *ST (Special Treatment); finally, we exclude samples that lack important data. This approach generates 8,658 valid research sample observations. The data are obtained from several official websites, such as those for CSMAR (China Stock Market & Accounting Research Database), CNRDS (Chinese Research Data Services), and the Shanghai and Shenzhen stock exchanges.In this study, the descriptive and relevance of the final data was tested using Stata software, and baseline regression, threshold regression, and robustness and heterogeneity tests were performed. The final data were tested for descriptiveness and correlation using Stata software, and baseline regression, threshold regression, and robustness and heterogeneity tests were performed.

Regression results of analyst ratings on stock price collapse risk.

In 2021, China's securities company Orient Securities generated an income of around *** billion yuan from its asset management business. After the stock market crash in 2015, China's securities market has been shrinking, demonstrating less trading revenue and lower profit rate. However, Chinese equity market has been gradually picking up since 2019.

This study selects stock data of listed companies in China’s A-share stock market from 2011 to 2020 as research samples. Using a fixed-effects model, it examines the impact of analyst optimism on stock price collapses and the moderating effect of information disclosure quality. Simultaneously, it conducts additional research to explore the potential transmission mechanisms involved. The main findings are as follows: Firstly, a positive correlation exists between analyst optimism and the risk of stock price collapse. Secondly, improving information disclosure quality of listed companies can enhance the positive impact of analyst optimism on the risk of stock price collapses and expedite the market’s adjustment of overly optimistic valuations of listed companies. Additionally, analyst optimism can increase the risk of stock price collapses by affecting institutional ownership. These findings provide theoretical support for regulatory authorities to revise and improve the "information disclosure evaluation" system, regulate the analyst industry, guide analyst behavior, and encourage listed companies to enhance internal governance and improve information disclosure practices.

China's Car Insurance Market is Segmented by Coverage (third-Party Liability Coverage, Collision/comprehensive/other Optional Coverage), Application (personal Vehicles, Commercial Vehicles), and Distribution Channel (direct Sales, Individual Agents, Brokers, Banks, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the China Car Insurance Market in Value (USD) for all the Above Segments.

Perforated Core Muffler Tube Stock Market Outlook

According to our latest research, the Global Perforated Core Muffler Tube Stock market size was valued at $2.1 billion in 2024 and is projected to reach $3.4 billion by 2033, expanding at a CAGR of 5.3% during 2024–2033. The global market is experiencing robust growth, primarily driven by the rising demand for advanced noise reduction solutions in automotive and industrial sectors. As governments worldwide implement stricter noise and emission regulations, manufacturers are increasingly turning to high-performance muffler tube stocks to comply with these standards. The integration of innovative materials and manufacturing processes has further accelerated market expansion, making perforated core muffler tube stock an essential component in modern exhaust systems across various industries.

Regional Outlook

North America currently holds the largest share of the Perforated Core Muffler Tube Stock market, accounting for approximately 32% of the global revenue in 2024. This dominance is attributed to the region's mature automotive and industrial manufacturing sectors, stringent regulatory environment, and early adoption of advanced exhaust technologies. The presence of leading OEMs and Tier 1 suppliers, combined with a high focus on R&D, has fostered a culture of innovation and quality in muffler tube stock production. Additionally, government policies promoting low-emission vehicles and industrial noise abatement have further propelled demand. The United States, in particular, has witnessed significant investments in upgrading exhaust system infrastructure, consolidating North America’s position as the market leader.

The Asia Pacific region is projected to be the fastest-growing market for perforated core muffler tube stock, with a remarkable CAGR of 6.8% from 2024 to 2033. This rapid growth is fueled by the burgeoning automotive industry in China, India, and Southeast Asia, where vehicle production and sales are surging. Increasing urbanization, rising disposable incomes, and expanding industrial bases are driving the need for efficient noise control solutions. Furthermore, significant investments in infrastructure development and the localization of manufacturing processes have enhanced the accessibility and affordability of high-quality muffler tube stocks. The region also benefits from supportive government policies aimed at reducing vehicular emissions, which further stimulates market expansion.

Emerging economies in Latin America and the Middle East & Africa are gradually adopting perforated core muffler tube stocks, albeit at a slower pace compared to developed regions. Adoption challenges in these markets stem from limited technological capabilities, price sensitivity, and a lack of stringent regulatory frameworks. However, increasing awareness about the benefits of advanced exhaust systems, coupled with foreign direct investments in the automotive and industrial sectors, is gradually transforming the market landscape. Local manufacturers are beginning to collaborate with international players to bridge the technology gap and meet evolving end-user demands. As policies around noise and emission control become more robust, these regions are expected to contribute steadily to the global market’s growth trajectory.

Report Scope

In 2021, China's securities company CITIC Securities managed client monies amounting to around *** billion yuan, ranking first among all securities companies in China. After the stock market crash in 2015, China's securities market has been shrinking, demonstrating less trading revenue and lower profit rate. However, Chinese equity market has been gradually picking up since 2019.

This study examines the market return spillovers from the US market to 10 Asia-Pacific stock markets, accounting for approximately 91 per cent of the region’s GDP from 1991 to 2022. Our findings indicate an increased return spillover from the US stock market to the Asia-Pacific stock market over time, particularly after major global events such as the 1997 Asian and the 2008 global financial crises, the 2015 China stock market crash, and the COVID-19 pandemic. The 2008 global financial crisis had the most substantial impact on these events. In addition, the findings also indicate that US economic policy uncertainty and US geopolitical risk significantly affect spillovers from the US to the Asia-Pacific markets. In contrast, the geopolitical risk of Asia-Pacific countries reduces these spillovers. The study also highlights the significant impact of information and communication technologies (ICT) on these spillovers. Given the increasing integration of global financial markets, the findings of this research are expected to provide valuable policy implications for investors and policymakers.

In-Vehicle Crash Data Over MQTT Market Outlook

According to our latest research, the Global In-Vehicle Crash Data Over MQTT market size was valued at $1.2 billion in 2024 and is projected to reach $5.6 billion by 2033, expanding at a CAGR of 18.7% during 2024–2033. This remarkable growth trajectory is primarily driven by the automotive sector’s increasing focus on real-time data transmission, which is essential for accident analysis, insurance claims, and safety monitoring. The adoption of MQTT (Message Queuing Telemetry Transport), a lightweight messaging protocol, enables efficient and secure data exchange between in-vehicle systems and external stakeholders, supporting the rapid digital transformation of mobility services and enhancing the effectiveness of post-crash interventions globally.

Regional Outlook

North America currently accounts for the largest share of the In-Vehicle Crash Data Over MQTT market, representing approximately 38% of the global revenue in 2024. The region’s dominance is underpinned by its mature automotive ecosystem, early adoption of connected vehicle technologies, and stringent regulatory mandates for vehicular safety and data transparency. Major automotive OEMs and insurance providers in the United States and Canada are leveraging MQTT-based solutions to streamline accident reporting, reduce fraudulent claims, and improve emergency response times. Additionally, the presence of leading technology vendors and robust investment in automotive R&D have fostered an environment conducive to rapid innovation and large-scale deployment of crash data solutions. The regulatory landscape, especially initiatives led by the National Highway Traffic Safety Administration (NHTSA), has further accelerated the integration of MQTT protocols within vehicle telematics platforms.

Asia Pacific is emerging as the fastest-growing region in the In-Vehicle Crash Data Over MQTT market, with a projected CAGR of 22.4% from 2024 to 2033. The surge in demand is attributed to the rapid expansion of the automotive industry in China, India, Japan, and South Korea, coupled with increasing investments in smart mobility infrastructure. Government incentives for electric vehicles, coupled with rising consumer awareness regarding road safety and insurance digitization, are stimulating the adoption of in-vehicle data solutions. Moreover, the proliferation of cloud-based telematics platforms and the expansion of 5G connectivity are enabling seamless, real-time data exchange, thereby enhancing the value proposition of MQTT-driven crash data solutions. Strategic partnerships between local automotive manufacturers and global technology providers are also playing a crucial role in scaling deployments across this dynamic region.

In contrast, emerging economies in Latin America, the Middle East, and Africa are witnessing a gradual yet steady uptake of In-Vehicle Crash Data Over MQTT solutions. While these regions represent a smaller share of the global market, localized demand is being driven by government-led road safety initiatives, growing commercial vehicle fleets, and the entry of multinational automotive OEMs. However, adoption is often hindered by infrastructural limitations, lower penetration of advanced telematics, and fragmented regulatory frameworks. Despite these challenges, the increasing focus on digital transformation and pilot projects in smart transportation signal significant long-term growth potential, especially as regional governments prioritize vehicle safety and data-driven policy making.

Report Scope

Common-Stock Time Series for Industrial and Commercial Bank of China Ltd. Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services, such as deposit-taking activities, trade financing, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans to corporations, government agencies, and financial institutions. Its Personal Banking segment provides financial products and services, including deposit-taking activities, personal loans, card business, personal wealth management services, and various personal intermediary services to individual customers. The Treasury Business segment is involved in the money market transactions, investment securities, and foreign exchange transactions business. It also offers personal and corporate internet and mobile banking; and debit and credit cards. In addition, the company is involved in the fund raising, fund sales, asset management, and other businesses; financial leasing; insurance businesses, such as life, health, and accident insurance, as well as reinsurance; debt-for-equity swaps; and issuance of wealth management products, wealth management advisory, and consulting services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is headquartered in Beijing, the People's Republic of China.

The size of the China Car Insurance Market was valued at USD 90.59 Million in 2023 and is projected to reach USD 132.30 Million by 2032, with an expected CAGR of 5.56% during the forecast period. Recent developments include: May 2022: Auto Services Group Limited, which exists as a leading provider of digitalized auto services and auto insurance through Sun Car Online Insurance Agency in China, merged with Goldenbridge Acquisition Limited, a British Virgin Islands special purpose acquisition company., January 2023: China's auto insurance technology platform Cheche Group merged with the Prime Impact Acquisition I. Cheche Group exists as China's auto insurance company, digitizing the end-to-end insurance purchasing process, and Prime Impact exists as a company focusing on acquisition opportunities and building data-centric technology companies.. Key drivers for this market are: Rising Sales of Cars in the China, Increase in Road Traffic Accidents. Potential restraints include: Increase in Cost of Claim, Increase in False Claims and Scams. Notable trends are: Rising Road Traffic Accidents.

Analyst rating, quality of information disclosure and robustness test of stock price collapse risk.

The global traffic accident insurance market is experiencing robust growth, driven by rising vehicle ownership, increasing urbanization, and stricter government regulations mandating insurance coverage. While precise figures for market size and CAGR aren't provided, a reasonable estimation, considering the numerous players and geographical spread, places the 2025 market size at approximately $150 billion USD. This substantial figure reflects the significant economic impact of road accidents globally. Considering the industry's historical growth and projected future trends – including advancements in autonomous driving technology (which could eventually impact claim rates), evolving demographic trends (aging populations in some regions), and fluctuations in fuel prices influencing vehicle usage – a conservative Compound Annual Growth Rate (CAGR) of 5% is plausible for the forecast period (2025-2033). This growth will be influenced by factors such as increased awareness of insurance benefits, expanding digital distribution channels, and the introduction of innovative insurance products catering to specific needs. Segmentation within the market is multifaceted. The application segment includes children, adults, and senior citizens, each with unique risk profiles and insurance needs. By vehicle type, the market is divided into plane, car, ship, train, and others, with car insurance likely dominating the market share due to the high volume of road accidents. Geographical distribution reveals a significant concentration in North America and Europe, driven by higher vehicle ownership and a well-established insurance sector. Emerging markets in Asia-Pacific and other regions are poised for substantial growth, presenting both opportunities and challenges for insurers. The leading companies listed represent a mix of global players and regional insurers, highlighting the competitive landscape and varied strategies employed within this sector. The study period (2019-2033), with a base year of 2025 and a forecast period of 2025-2033, provides a comprehensive perspective on past performance and future projections.