China's A-share market achieved a historic breakthrough on Monday, with its total market capitalization surpassing 100 trillion yuan ($13.9 trillion) for the first time. The milestone underscores growing investor confidence in the world's second-largest economy amid technological advancements and global capital inflows.
By midday, the Industrial and Commercial Bank of China (ICBC) led the market with a valuation of 2.68 trillion yuan, followed by the Agricultural Bank of China (ABC) at 2.41 trillion yuan. Key indices rallied broadly: the Shanghai Composite Index rose 1.18% to 3,740.5, the Shenzhen Component Index climbed 2.25% to 11,896.38, and the ChiNext Index, tracking growth-oriented firms, surged 3.63% to 2,626.29.
Chinese economist Pan Helin, a member of the MIIT's Expert Committee on Information and Communication Economy, attributed the sustained market rally to breakthroughs in artificial intelligence, large-scale models, and digital transformation. 'These innovations have enhanced the global appeal of Chinese assets, attracting overseas capital and driving market prosperity,' he told the 21st Century Business Herald.
The milestone reflects broader economic resilience and aligns with China's push to position itself as a leader in high-tech industries. Analysts suggest the trend may signal long-term opportunities for investors eyeing Asia's evolving financial landscape.
