The total market value of more than 2.6 times the A -share market has achieved leapfrog development

Since the 18th National Congress of the Communist Party of China, the A -share market has been struggling to forge ahead, overcome difficulties, and gradually move towards high -quality development.

In the past ten years, the A -share market has achieved leapfrog development in continuous reform and innovation. In the past ten years, modern capital markets with Chinese characteristics have developed rapidly, the reform of the capital market has been deepened, and key system innovations such as the registration system have made breakthroughs in innovation, and the market breadth has continued to expand. The total market value of the A -share market increased from 2.288 trillion yuan at the end of 2012 to 8.263 trillion yuan at the end of July 2022, an increase of 261.1%, and the market size ranked second in the world.

Innovation of the capital market system and mechanism

Promote the continuous expansion of the A -share market size

According to the public data of the Shanghai and Shenzhen Exchange and the Peking Stock Exchange, as of the end of July 2022, A shares had a total of 4,844 listed companies, with a total market value of 8.263 trillion yuan. Among them, the listed company of the Shanghai Stock Exchange was 20,999, with a total market value of 47.61 trillion yuan; the Shenzhen Stock Exchange listed company was 2,641, with a total market value of 34.83 trillion yuan; 104 listed companies in the Beijing Stock Exchange, with a total market value of 1.19 trillion yuan.

Looking back at the end of 2012, the total market value of A shares was only 22.88 trillion yuan, of which 15.79 trillion yuan in Shanghai City and 7.09 trillion yuan in Shenzhen. There were 2472 listed companies in Shanghai and Shenzhen, including 944 Shanghai City and 1,528 Shenzhen City. It is worth mentioning that on December 16, 2021, the total market value of A shares rose to 9.968 trillion yuan, reaching the historical peak.

Behind the A -share market size achieves leapfrog development, it is inseparable from the reform and innovation of the capital market system and mechanism.

In the past ten years, as the breadth of service of the real economy has expanded significantly, it has vigorously improved the multi -level capital market system, launched the science and technology innovation board, and established the Beijing Stock Exchange. breakthrough. The A -share market realizes the approval system to the registration system, steadily promotes the pilot registration system, the degree of marketization, review of registration efficiency, and expected improvement have been greatly improved. The rapid increase in the number of new shares brought by reform has become an important factor in the total market value of A shares.

According to statistics, from the end of 2012 to the end of July 2022, a total of 2489 companies successfully landed on the A -share market. Among them, the number of newly listed companies in 2021 reached its historical peak, which was 524. As of the end of July this year, 205 new companies have been added. In the past ten years, a number of new large market value companies such as Ningde Times and Haitian Weiye have been born.

And the science and technology board as the breakthrough pilot stock issuance registration system, and steadily expand to the GEM, explore the establishment of the registration system of "one core, two links, and three market -oriented arrangements". The significant improvement of efficiency and expected can further stimulate market vitality.

From the perspective of the science and technology board, after three years of development, the market value of the science and technology board is very considerable. On July 22, 2019, the total market value of the first 25 companies listed on the list was only 529.39 billion yuan; at the end of 2019, the total market value of 70 science and innovation board listed companies was 863.764 billion yuan; at the end of 2020 The company's total market value rose to 3349.072 billion yuan; at the end of 2021, the total market value of 377 science and innovation board listed companies reached 5630.556 billion yuan.

From the perspective of GEM, on August 24, 2020, the reform of the GEM reform and pilot registration system until the end of July 2022, and 308 new listed companies were added, and the total market value of the new company reached 2.58 trillion yuan. Compared with the GEM pilot registration system, whether it is the new total market value of the IPO or the number of IPO companies, it has increased significantly.

In the opinion of Yang Delong, chief economist of Qianhai Open Source Fund, the implementation of the registration system has increased the possibility of the listing of new economic enterprises. It helps to promote economic transformation, while also promoting a significant increase in the total market value of the A -share market.

Since the establishment of the North Stock Exchange, since its establishment in September 2021, the number of companies that seek listed on the registration path have increased steadily and orderly. As of the end of July 2022, the number of listed companies listed in the Beijing Stock Exchange reached 104, with a total market value of 188.760 billion yuan.

As the cornerstone of the capital market, the continuous improvement of the overall profitability has supported the growth of the total market value of A shares. Statistics show that at the end of 2012, the total market value of all 2,369 listed companies (103 that has been excluded) was 2.2.34 trillion yuan. As of the end of July 2022, the total market value increased to 5.25 trillion yuan, a cumulative increase of 133.89 %.

From the perspective of corporate profitability, in the past ten years, the above 2369 companies belong to shareholders of listed companies to deduct the total net profit after deducting the total net profit after recurring profit or loss. The annual reports from 2012 to 2021 can be comparable to that of the above 2369 companies' deductive net profit after deducting non -recurring profit or loss increased from 1.82 trillion yuan to 3.49 trillion yuan, an increase of 91.76%.

At the same time, the growth of the total market value of listed companies has also been actively promoted by market activity. Especially in 2021, the A -share market set a historical record with a turnover of 149 trading days.

In the past ten years, natural person investors in the A -share market exceeded the 200 million mark and made important contributions to the development of high -quality development of the economy. According to data from China Securities Registration and Settlement Corporation, as of the end of June this year, the number of natural person investors had exceeded the 200 million mark, reaching 205 million, and the number of non -natural investors' account opening was 468 million. According to the original statistics of China's securities registration and settlement company, as of December 28, 2012, the number of A -share accounts at the end of the Shanghai and Shenzhen cities was 168 million, and the number of dormant accounts at the end of the period was 30.18 million. Explosion growth in the power equipment industry

List of market value accounting list first place

From the perspective of the classification of the first -level industry, the industry with the top five A -share market value at the end of 2012 is banks (20.4%), non -silver finance (8.32%), basic chemicals (7.04%), and real estate (5.37% ), Pharmaceutical creatures (5.3%), except for the banking industry, the proportion of other industries is not large. As of the end of July 2022, the total market value of the power equipment industry accounted for the total market value of A shares at a proportion of 10.29%, and it followed the proportion of 10.29%. 7.47%), electronics (7.12%).

"The pharmaceutical and biological and electronics industries have accommodated listed companies with high technology content, which shows that the transformation and upgrading of my country's industrial structure is steadily promoting, and the quality of economic development has been continuously improved." Zheng Lei, chief economist of Samoyed Cloud Technology Group Co., Ltd. Essence

It is worth noting that from the perspective of the power equipment industry, with the rapid development of the new energy industry, the industry has opened up a large level in the past ten years. According to statistics, from the end of 2012 to the end of July 2022, the number of listed companies in the industry increased from 136 to 308, with a total market value increased from 557 trillion yuan to 8.51 trillion yuan, achieving leapfrog development. During the period, Ensijie, Pu Tailai, Ningde Times, Tiantu Optical Energy, Jingke Energy and other power equipment industries related to the high -market value companies in the power equipment industry successively landed on A shares.

The rapid development of the power equipment industry is inseparable from the economic development and industrial structure optimization in my country. Since 2012, it is an important period for my country's comprehensive deepening reform and establishing a new modern industry system. Related support policies have been introduced. For example, the "Twelfth Five -Year Plan" National Strategic Emerging Industry Development Plan released in 2012 "provided energy conservation and environmental protection, emerging information industry, biological industry, new energy, new energy vehicles, high -end equipment manufacturing and new materials industries as the seven major strategies in my country as the seven major strategies in China. Sex emerging industries focus on development. Among these seven strategic emerging industries, the four major industries are directly related to power equipment.

Since 2015, the electrical reform has been launched; in 2016, the new national standard was introduced; in 2018, the General Office of the State Council issued the "Guiding Opinions on Maintaining the Fields Field to Make Making For Short -Stock", requiring focusing on shortcomings in the fields of energy and other fields to accelerate advancement Inter -provincial and cross -regional transmission, optimize and improve the main network frames of the provinces, and promote the implementation of a number of UHV transmission projects; in 2020, the "double carbon" strategy and the "14th Five -Year Plan" are promoted. At the stage of development, industry policies are constantly favorable.

From the perspective of the total market value growth of various industries in the past ten years, the power equipment industry led a 13.55 times amazing increase. The electronics industry (11.00 times) followed closely, and the third is the national defense military industry (6.32 times). High -market value companies are concentrated in Beijing, Guangdong and Shanghai

The first fifty threshold increased to 187.3 billion yuan

From the perspective of the region, the top 50 companies in the A -share market at the end of 2012 are distributed in 14 provinces across the country, most of which are concentrated in Beijing, Guangdong and Shanghai. As of the end of July 2022, the company with the top 50 market value was distributed in 16 provinces, and the market value threshold increased to 187.301 billion yuan. Among them, the newly listed provinces include Hebei, Shandong, Shaanxi, and Yunnan, and listed companies in two provinces have withdrawn from the top 50 market value.

"The top 50 listed companies have added Shaanxi and Yunnan in the regional distribution of listed companies. This is the embodiment of the rapid economic development of the central and western regions in my country." Zheng Lei said.

From the perspective of the number of high -market value companies, Beijing, Guangdong, and Shanghai rank among the top three. As a political culture and scientific and technological innovation center, Beijing has the number of high -market companies and the absolute value of the total market value in the country. As of the end of July 2022, Beijing had 32 listed companies with a market value of over 100 billion yuan, with a total market value of 9582.294 billion yuan. Among them, the top three are ICBC, Agricultural Bank of China, and PetroChina, and the total market value of the three companies has a total market value of 2932.742 billion yuan.

As an important part of the Guangdong -Hong Kong -Macao Greater Bay Area, Guangdong has attracted a large number of domestic builders and foreign investors and accelerated the development of local listed companies. As of the end of July 2022, Guangdong had 24 listed companies with a market value of over 100 billion yuan, with a total market value of 5859.579 billion yuan. Among them, the top three are China Merchants Bank, BYD, and Ping An of China, and the total market value of the three companies has a total market value of 1760.587 billion yuan.

As of the end of July 2022, Shanghai had 11 listed companies with a market value of over 100 billion yuan, with a total market value of 1855.787 billion yuan. Nearly half of the banks and non -bank financial industries, highlighting the advantages of Shanghai International Financial Center. Among them, the top three are Oriental Fortune, Golden Dragon Fish, and Pudong Development Bank, with a total market value of 755.475 billion yuan.

Fen is durable, and the prospects are expected.Looking forward to the future of the A -share market, under the general tone of stable words and steady progress, as the stock issuance registration system is steadily advanced, it will inevitably provide more and more high -quality core assets for investors participating in the A -share market., Release more market opportunities.Judging from the total market value of the A -share market in recent years, the total market value of my country's GDP has been close to the total amount of GDP in China, and the total market value of A shares exceeds millions of dollars.Reporter Zhao Ziqiang

Council reporter Liu Hui

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