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Top List: Country
Ranking
2007
USA 32
England
11
China/Hongkong 10
France 8
Germany
7
Netherland 4
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Switzerland
4
Japan 4
Spain
3
Italy
3
Russia 3
Brazil 2
Australia 2
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The new front-runner in this list had a brilliant
stock debut last November in the Shanghai
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Stock Exchange. The value of the shares had
been tripled shortly after trading started. With
this capital influx Petro China replaced US rival
ExxonMobil as most expensive company in the world.
Many other companies from the People's Republic
of China collected fantastic sums last year on
the stock market. This is also reflected in the Top
100 list.
The number of Chinese companies rose from
seven to ten, their total stock market value rose
from late 2006 to late 2007 as much as 123
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percent. Ernst & Young
Executive Hendrik Hollweg
warned in a press release:
"The developments on the
Chinese stock exchanges
sometimes bring up memories
of the Internet bubble in
2000." Nevertheless, the
People's Republic is
"clearly one of the top
players in the future. The
importance of China and
Chinese companies for the
world economy will continue
to grow". |
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Two more great player
in the Shanghai Stock
Exchange were China Mobile
and Sinopec or China
Petroleum & Chemical.
They all somehow benefit
from the gambling addiction
inherent to China since
hundreds of years.
Now gambling become more
or less legal via the stock
exchange, the money is
flowing, huge profits are
made and everyone is happy,
that's the best of the
worlds. |
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More on Shanghai Stock Exchange
get or the quick rich fever.
Shanghai securities trading, Shanghai arranging
stock market listings, Shanghai stock market
information, SSE, Shanghai.
The Shanghai Stock Exchange
(SSE) started on Nov.
26th,1990 and put into
operation on Dec.19th 1990.
The SSE is a
non-profit-membership
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organization governed by the
China
Securities Regulatory Commission(CSRC).
The SSE try to create a
transparent, open, safe and
efficient stock
marketplace. The SSE put
securities trading; accepting and arranging
listings; organizing and monitoring
securities trading; regulating members and
listed companies and managing market
information etc. under one umbrella.
Since starting business the SSE has become
the number one stock market place in China
in terms of number of listed companies,
number of shares listed, total market value,
tradable market value, securities turnover
in value, stock turnover in value and the
T-bond turnover in value.
The 4 th. of July 2006 will be a
memorable day for the SSE because the Bank of China started
their shares for trading at the SSE and like other
"lotteries" made a few people instantly rich.
In China a lot of liquidity
is
searching for interesting investment and they got it right.
The stock exchange course of the bank Of China banks climbed
23% at the first day.
The Bank of China stock offering
debut had a volume of 2.5 billion dollar and was first
large stock offering in China after the country had stopped
domestic stock trading for a year to implement
reforms.
Until now large companies in
China preferred stock exchanges in Hong Kong or other,
better developed places for IPO´s, but this going public of
the bank OF China might turn around this trend. Shanghai and
the SSE has a good chance to become one of the leading stock
market places in Asia.
The bank of China had already
successfully placed stock for a volume of ten billion dollar
in Hong Kong before. This was the world's argest stock
offering in six years. Since then the shares went up by 15
per cent.
The Industrial and Commercial
Bank of China will follow this year with a stock offering,
they hope to surpass the Bank of China income with a influx
of around 12 billion dollars.
Last October the China
Construction bank already raised 9.2 billion dollar at the
Hong Kong stock exchange.
The Bank of
China was founded in 1912 and currently has
over 11.000 branches and more than 110
million customer. The income from the stock
offering in Shanghai is partly used for
restructuring to prepares for the hard
competition coming in the next year's when
China has to abandon the restrictions for
foreign banks according to WTO - world
trade organization rules.
Shanghai Stock Exchange Overview
The Shanghai Stock Exchange (SSE) is the
largest stock exchange in China. The
exchange is a non-profit organization with a
market capitalization of nearly $2.38
trillion making it the fifth largest
exchange in the world.
History
Shanghai Stock Exchange began trading in
1866. In 1891 foreign businessman
founded the "Shanghai Share brokers'
Association, which was China's first stock
exchange. The exchange went through a number
of changes as China removed the Qing Dynasty
in 1911 and the two World Wars. Through all
this the exchange was able to thrive and the
current Shanghai Stock Exchange we know
today, began its trading operations in 1990.
Present
Currently there are two levels traded on
the exchange. Class A shares are quoted
in yaun and are only available to foreign
investors through a qualified program known
as QFII. Class B shares are quoted in US
Dollars and are generally open to foreign
investments. The exchange is open Monday
through Friday and is divided into two
sessions (not including pre-market). The
first session is session is between 9:30 and
11:30. The second session is in the
afternoon an goes from 13:00 to 15:00.
Shanghai Stock Exchange or SSE largest
stocks
1. PetroChina
(3,656.20 billion)
2. Industrial and Commercial Bank of China
(1,417.93 billion)
3. Sinopec (961.42 billion)
4. Bank of China (894.42 billion)
5. China Shenhua Energy Company (824.22
billion)
6. China Life (667.39 billion)
7. China Merchants Bank (352.74 billion)
8. Ping An Insurance (272.53 billion)
9. Bank of Communications (269.41 billion)
10. China Pacific Insurance (256.64 billion)
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The Shanghai Stock Exchange has experienced
a massive bull market in recent years as the
US Markets have been trending sideways. Time
will tell if this trend will hold, or if the
dollar will be able to rebound. In the
moment the bears are on the run, maybe they
smell some fresh flesh and don't like it ?
Who knows ? Nobody knows since there is a
huge amount of manipulations in the market.
You want to bet on horses ? Try that. |
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