The Chinese stock market witnessed a remarkable surge as the turnover on the Shanghai and Shenzhen stock exchanges surpassed 2.5 trillion yuan, recording a substantial increase. This surge occurred on the final trading day before the week-long National Day holidays, reflecting the market’s vigor and resilience.

Notably, the Shanghai Composite Index surged by 8.06 percent, reaching 3336.5 points, while the Shenzhen Component Index closed 10.67 percent higher. Additionally, the ChiNext Index, which monitors China’s Nasdaq-style growth enterprises, experienced a notable uptick of 15.36 percent. Moreover, the index comprising 50 prominent companies listed on the Beijing Stock Exchange surged by an impressive 22.84 percent. Both the Beijing bourse index and the ChiNext Index achieved their highest single-day gains on record, underscoring the market’s exuberance.

Throughout September, the Shanghai Composite Index has shown remarkable growth, surging by over 17 percent. On Monday, the turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the fourth consecutive trading day, indicating sustained investor interest and robust market activity.

The bullish trend in the A-share market can be attributed to a key meeting of the Communist Party of China (CPC) last Thursday, where emphasis was placed on bolstering the country’s capital market. The meeting also highlighted the importance of attracting medium- and long-term funds into the market, signaling the government’s commitment to fostering a conducive investment environment.

The enthusiasm in the stock markets led to an overwhelming influx of trading activities, with the Shanghai Stock Exchange (SSE) witnessing a surge in orders. In a bid to ensure smooth trading experiences, the SSE conducted comprehensive trading tests, receiving a record 270 million orders, double the historical peak, and three times the number of orders processed on the previous day. This proactive approach by the exchange demonstrates its readiness to handle large order volumes efficiently.

The recent developments in the Chinese stock market underscore its resilience and attractiveness to investors, positioning it as a key player in the global financial landscape. The surge in turnover and index values on the Shanghai and Shenzhen stock exchanges heralds a promising outlook for the market, backed by robust investor confidence and supportive government policies aimed at fostering sustainable growth.