The A-share market in China has witnessed a remarkable surge, with the turnover on the Shanghai and Shenzhen Stock Exchanges surpassing an impressive 2.5 trillion yuan. This surge comes on the heels of a significant uptrend in the market, marking a record high turnover. The Shanghai Composite Index surged by 8.06 percent to close at 3336.5, while the Shenzhen Component Index saw a substantial increase of 10.67 percent. Notably, the ChiNext Index, which monitors China’s equivalent of the Nasdaq board for growth-oriented firms, experienced a notable surge of 15.36 percent. Furthermore, a select index of 50 leading companies listed on the Beijing Stock Exchange recorded a substantial increase of 22.84 percent, marking a significant milestone for both the Beijing bourse index and the ChiNext Index.

Throughout September, the Shanghai Composite Index has demonstrated remarkable growth, surpassing a 17 percent surge. On the most recent trading day before the National Day holidays, the turnover on the Shanghai and Shenzhen Stock Exchanges exceeded 1 trillion yuan for the fourth consecutive trading day. The market opened with strong momentum, with the Shanghai Composite Index opening 3.47 percent higher, the Shenzhen Component Index up by 4.58 percent, and the ChiNext Index rising by 5.77 percent.

The recent bullish trend in the A-share market can be attributed to a key Communist Party of China (CPC) meeting that emphasized the importance of bolstering the country’s capital market and facilitating the entry of medium- and long-term funds into the market. This directive, as reported by the Xinhua News Agency, sparked a positive sentiment in the market, leading to a surge in stock prices. Following the CPC meeting, the Shanghai Composite Index closed above the 3,000-point mark for the first time since July 2, reflecting renewed investor confidence and market optimism.

The fervor in the stock markets has resulted in a surge in trading activities, with the trading systems of stock exchanges and securities firms experiencing a significant influx of orders. The Shanghai Stock Exchange (SSE) recently conducted extensive trading tests to ensure the smooth functioning of its platforms in handling large order volumes. This proactive approach by the SSE underscores the commitment to maintaining a robust and efficient trading environment for market participants.

In conclusion, the remarkable surge in the A-share market, as evidenced by the record turnover on the Shanghai and Shenzhen Stock Exchanges, reflects the current bullish sentiment and investor confidence in the Chinese capital market. The strategic directives outlined in the CPC meeting have played a pivotal role in revitalizing the market and attracting increased investments, setting the stage for further growth and development in the A-share market.