China A-Share Market Surpasses 100 Trillion Yuan in Market Cap for First Time

China’s A-share market has reached a historic milestone, with its total market capitalization surpassing 100 trillion yuan for the first time, reaching 108.87 trillion yuan as of the latest data [1]. This represents a year-to-date increase of 15.11 trillion yuan, driven by strong performance across major indices and sustained investor confidence [1]. The surge in market value is attributed to robust trading volumes, with the combined daily turnover on the Shanghai, Shenzhen, and Beijing stock exchanges exceeding 2 trillion yuan on August 13, 2025 [2].

Leading the valuation rankings are state-backed giants, with the Agricultural Bank of China ranking highest with a market cap of 2.19 trillion yuan. The Industrial and Commercial Bank of China also features prominently in the top positions, contributing significantly to the overall growth [1]. These developments highlight a renewed optimism within domestic financial markets, particularly in the context of ongoing policy support and broader economic reforms.

The milestone has been interpreted as a sign of confidence in China’s economic resilience, even amid global uncertainties such as inflationary pressures and geopolitical tensions. While the market’s performance reflects a bull run, analysts caution that this does not necessarily signal a structural shift in long-term fundamentals. The A-share market remains sensitive to macroeconomic factors, including domestic policy adjustments and international trade dynamics, particularly those involving U.S.-China relations [1].

Notably, the surge has not triggered direct impacts on the cryptocurrency market, despite some fintech analysts suggesting potential indirect effects on digital asset adoption or regulatory advancements in the future [1]. Meanwhile, cryptocurrencies such as Ethereum have shown their own upward trends, with ETH rising by 19.70% over 30 days and 70.84% over 60 days, though these gains are not directly linked to the A-share milestone [1].

As the A-share market continues to expand, it is becoming an increasingly important component of global equity portfolios. The inflow of both domestic and international capital underscores a growing recognition of China’s equity markets as a key asset class. However, the ability to maintain this momentum will depend on stable macroeconomic conditions and the effectiveness of regulatory frameworks in preserving market integrity and transparency [1].

Source:

[1] Feng Liu has recently increased his stake in this company! (https://news.futunn.com/en/post/60713289/feng-liu-has-recently-increased-his-stake-in-this-company)

[2] [Chart Analysis of Bull and Bear Markets] The securities ... (https://news.futunn.com/en/post/60713601/chart-analysis-of-bull-and-bear-markets-the-securities-sector)