Turnover on SSE and SZSE exceeded 2 trillion yuan for the first time since February this year

Turnover on SSE and SZSE exceeded 2 trillion yuan for the first time since February this year

In a significant milestone for China's stock markets, turnover on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) exceeded 2 trillion yuan for the first time since February 2025. This achievement underscores the resilience and growth of the Chinese financial sector, driven by robust economic indicators and policy support.

The surge in turnover is attributed to the sustained recovery of China's light industry, which has shown remarkable growth in the first half of 2025. According to the latest data from the China National Light Industry Council, the value-added of large-scale light industry enterprises rose by 7% year-on-year, with total business revenue reaching 11.3 trillion yuan (approximately 1.56 trillion U.S. dollars) [1]. This growth was fueled by a policy-driven surge in consumer demand, with retail sales of major light industry products exceeding 4.3 trillion yuan (about 590 billion U.S. dollars), an increase of 11.6% from the previous year.

The government's "trade-in" policy for consumer goods has also played a crucial role in stimulating production growth, particularly in sectors such as electric bicycles, household freezers, washing machines, and gas stoves. Retail sales of home appliances and audiovisual equipment jumped by 30.7%, while furniture sales climbed by 22.9%, continuing the relatively rapid growth momentum since early 2025.

The light industry's shift towards high-end and intelligent manufacturing has been facilitated by the widespread adoption of digital research and development tools. Approximately 86.2% of large-scale light industry enterprises are now using such tools, enabling the large-scale production of high-value-added products.

Moreover, the resilience of China's light industry exports is evident in the first half of 2025, with total exports reaching 456.8 billion U.S. dollars. Of the 21 major sub-sectors, 11 recorded year-on-year export growth.

The strong performance of the light industry has spilled over into the stock markets, contributing to the record turnover on SSE and SZSE. This development is a positive sign for investors, indicating a healthy and growing economy.

References:
[1] https://www.bastillepost.com/global/article/5095966-listed-companies-in-shanghai-shenzhen-register-record-cash-dividends