- CNTV English - CCTV News

6.2 trln yuan evaporated in China's A-share market in H1

07-14-2010 08:49 BJT

Watch Video

Play Video

China's tumbling A-share market shrank in market value in the first half of the year, in both Shanghai and Shenzhen. As Yin Hang reports, a total of around 6.2 trillion yuan in market capital evaporated.

According to the Shanghai-based Wind Information company, China's A-share market value has fallen by around 5 trillion yuan compared with six months ago.

Excluding the contribution of newly listed shares, around 6.2 trillion yuan of value was pulled out from the market in the first half of the year.

The price-earning ratios in four sectors of the Shanghai and Shenzhen market have plummeted below the one-thousand six-hundred and 64 points maintained in 2008. The sectors include banking, architecture, railway transportation, and farming, forestry, husbandry and the fishery industry.

Led by the banking and property sector, statistics show that the total capital of six sectors including banking, oil, mining, insurance, metal and real estate all decreased dramatically. The banking sector alone shrank 1.3 trillion yuan, around the market value of 51 Banks of Nanjing.

Analysts estimate that as the short term regulatory risks ease gradually, banking shares will again restore its high securities.

Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program