China's stock market capitalization is approaching the high GDP.

Editor's Note】 【<P> While Shanghai and Shenzhen stock market value approaching the total GDP, but still relatively small market capitalization. .China's stock market capitalization is currently only one-third of total market value of shares </ P> <P>: http:// hearing, yesterday, the total market value of shares in Shanghai and Shenzhen together with the index again hit a new high, reaching 206 800 .billion. .Compared to 21.087 trillion yuan of GDP last year's total, China's total stock market value of GDP, close to 98.07%, which means that rate of asset securitization in China nearly 100%. .</ P> <P> higher rate means that the Securitization of the virtual economy larger role in the larger national economy. .Britain and other mature markets, asset securitization rate is normally more than 100%, emerging markets, about 70% to 90%. .</ P> <P> According to First Financial Daily reported, data released yesterday in Shanghai and Shenzhen Stock Exchange, as of yesterday's close, Shanghai's stock market capitalization reached 15.921127 trillion yuan, while market capitalization reached 4.630079 trillion yuan. .Shenzhen stock market value was 4.76011 trillion yuan, the market value of 2.398974 trillion yuan in circulation. .The total combined market value of the two cities reached 20.68 trillion yuan, the total market capitalization reached 7.029053 trillion yuan. .Market capitalization accounted for 33.99% of the total market value of more than three percent. .</ P> <P> National Bureau of Statistics data show that in the first half was 10.6768 trillion yuan of GDP, total economic output last year after a revised 21.087 trillion yuan. .</ P> <P> CITIC Securities chief analyst of money through the strength that the total market value of Shanghai and Shenzhen proportion of GDP, close to 100%, indicating that the domestic capital market is also expanding. .As the economy improves, the corresponding expansion of assets began. .Also demonstrated from another perspective, the current stock market boom, and the embodiment of the stock market wealth effect. .</ P> <P> Hai Tong Securities researcher Yang Hongjie, pointed out that compared to the stock market and abroad, Shanghai and Shenzhen stock market capitalization increasing proportion of GDP, on the one hand that the stock market in the economic operation of the improving status of .growing impact of economic development; the other hand, shows the economic development of China's stock market played a role in direct financing for economic development and made contributions. .</ P> <P> However, the development level of China's stock market has not reached the level of developed countries, particularly the development of bond market is relatively backward, the rapid expansion of total market value of the stock market there are uncertainties, particularly the excess liquidity .The total market value of the stock market presented "puffiness" state, to achieve a breakthrough in quantity, but in terms of quality still needs to continue to develop. .</ P> <P> one of the industry also believe that, despite the Shanghai and Shenzhen stock market value approaching the total GDP, but still relatively small market capitalization. .China's stock market capitalization is currently only one-third of total market value of the stock, most of the state of the stock is still not in circulation, the stock market as the economic "barometer" of the role is still not fully be reflected, so the actual rate of the securities is not so high .and foreign capital markets mature circulation is basically belong to the state. .</ P> <P> However, with the "size of the non-" lifting of the ban, H shares and red chips, etc. A share issue and listing of additional shares, the stock market this role will be enhanced, the economy and capital markets to more closely .contact. .</ P> <P> Glossary </ P> <P> rate securities </ P> <P> refers to the total market value of securities of a country and the country's gross national product ratio, the actual calculation of the Securities .The total market value of the total stock market value is usually represented. .The higher the rate securities means the securities market position in the national economy more important, so it is a measure of a country's level of development of an important indicator of stock market. .</ P>.