Manufacturers almost 50% of all stocks

Source: Xinhua | 2018-10-30

Chinese public manufacturing companies accounted for nearly half the country’s stock market capitalization by end-June thanks to government emphasis on innovation-driven development and the real economy.

Publicly-traded manufacturers saw a combined market value of 24.08 trillion yuan (US$3.47 trillion), making up 43.78 percent of the A-share market, a report said.

Of all 3,527 Chinese listed companies, nearly two-thirds are in manufacturing.

“Manufacturing remains an important pillar of the economy,” said the report released by the Research Institute of Machinery Industry Economics and Management and the Suzhou city government.

More companies in smart and advanced manufacturing went public on the NASDAQ-style ChiNext board and the small- and medium-sized enterprises board this year, marking a positive shift in the sector, said Zhou Yongliang, a forum organizer.