Shanghai's benchmark index has climbed 45% since September 2024, adding roughly 51 trillion yuan in market value. Yet many ordinary investors say they have little to show for the rally, a gap that reveals how unevenly Chinese stock gains are distributed.
China's bond exchange-traded funds have crossed the $1 trillion mark for the first time, while new stock indices launch for innovative drugs and software services. The milestone reflects growing investor appetite for diversified, low-cost investment tools in mainland markets.
The Shanghai Stock Exchange and China Securities Index Co. will debut two new indexes on September 29, covering innovative drugmakers and software services. The move gives investors fresh tools to track China's fast-growing biotech and software sectors.
Shengu Group, a veteran Chinese maker of giant industrial compressors, saw its shares collapse 67 percent within six days of a dazzling stock market debut. The whiplash offers a vivid lesson in the speculative frenzy gripping China's market for new listings.
Two years after Chinese stocks rebounded from their September 2024 lows, the Shanghai Composite has climbed about 45 percent and market capitalization has swelled by roughly 51 trillion yuan. Yet many retail investors say their own accounts tell a far less celebratory story of widening wealth divergence.
Sanxing Electric, a Ningbo-based power equipment maker, surged its 10 percent daily limit after its subsidiary won a $132 million contract to supply oil-immersed transformers for a US data center energy storage project. The deal shows how the global AI building boom is pulling Chinese manufacturers into America's power infrastructure chain.
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