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Article: Chinese Stock Market Value Shrinks by 9.5 Percent
- Article from:
- Xinhua News Agency
- Article date:
- February 28, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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The Chinese stock market dropped by 9.5 percent last year to 4.35
trillion yuan (about 526. 2 billion U.S. dollars), according to the
National Bureau of Statistics (NBS).
The Statistical Communique on the 2001 National Economic and
Social Development published by the NBS Thursday says last year share
issues raised 116.8 billion yuan, 93.5 billion yuan less than in
2000.
Last year 84 companies issued A shares, including new issues, and
another 126 issued A share rights at the Shanghai and Shenzhen stock
exchanges, with capital paid-in topping 109.8 billion yuan. The issue
of 9 B shares and H shares helped draw 7 billion yuan in overseas
capital.
The total number of listed companies with A or ...