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UPDATED: March 11, 2008 NO.11 MAR.13, 2008
Registered Capital From Private Sector Rises to 10.1 Trillion Yuan
The mainland stock market surged the day after Ping An Insurance's shareholders passed the company's refinancing plan
 
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NUMBERS OF THE WEEK

10.1trillion yuan

The registered capital of China's private sector ballooned to 10.1 trillion yuan ($1.42 trillion) in 2007, an increase of 22.7 percent year on year. Registered capital of private companies reached 9.4 trillion yuan ($1.32 trillion) and self-employed households took the rest of the share.

97% vs. 3%

Geng Liang, Chairman of Shanghai Securities Exchange, disclosed that 97 percent of institutional investors (including securities companies, mutual fund companies, insurers and qualified foreign institutional investors) made profits in 2007, while only 3 percent suffered losses. He also said 70 percent of retail investors secured profits last year.

 

 



 
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