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Shares of Chinese companies increase by almost $ 5 trillion during 2020


The #Asian giant accounts for almost a third of the increases in world market capitalization this year.

The market value of #Chinese companies increased this year by about $ 4.9 trillion due to the country’s rapid recovery from the coronavirus pandemic, among other factors.

#According to data from S&P #Global #Market #Intelligence, the capitalization of companies in the #Asian giant listed on international stock exchanges shot up 41% between the beginning of 2020 and #December 22 up to $ 16.7 trillion. #By comparison, the capitalization of US businesses grew 21% to $ 41.6 trillion, The #Wall #Street #Journal reports.

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#In this way, #China represents almost a third of the increases in world market capitalization in 2020. #Global stocks rose 16% to $ 104 trillion.

#It was a very important year for #China“said #Brendan #Ahern, chief investment officer at #New #York-based international asset management company #KraneShares.

The specialist explained that #China was favored by the economic reactivation of the country, the interest of global investors in high-growth shares and a robust market for public offerings. “The end result is quite dramatic growth in the size of the capital markets,” he added.

#That increase occurred despite increased friction with the #United #States in matters of technology, commerce and finance, and of the attempts of the #United #States government to prevent pension funds and other institutions from owning #Chinese shares.

#China is the main emerging market

These advances consolidated the position of #China as the main emerging market. #At the end of #November, #Chinese company stocks made up more than 40% of the MSCI and FTSE #Russell stock indices – which developing countries follow – up from less than 30% five years ago.

Chinese billionaires increase their fortunes by $ 1.5 trillion during the pandemic

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#Thus, at the end of #November, the e-commerce giant #Alibaba #Group #Holding #Ltd. alone accounted for almost 7% of the MSCI #Emerging #Markets #Index (which includes 26 countries), a percentage higher than the total contribution of #Brazilian companies to the index. reference.

The largest #Chinese companies by market value

The #Chinese multinational technology company #Tencent #Holdings #Limited had a market value of $ 683 billion as of #December 24, followed by #Alibaba ($ 601 billion) in second place and the producer of alcoholic beverages #Kweichow #Moutai #Co. ($ 352 billion) in the third.

The following are #Industrial & #Commercial #Bank of #China #Ltd. (ICBC) with a capitalization of 256,000 million dollars and the insurance company #Ping #An #Insurance with 227,000 million dollars.

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https://actualidad.rt.com/actualidad/378438-acciones-empresas-chinas-aumentan-5-billones-dolares

##Shares ##Chinese #companies #increase #trillion

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