The Shanghai Stock Exchange witnessed a remarkable surge in trading activity, reflecting the bullish trend in China’s A-share market. The combined turnover of the Shanghai and Shenzhen stock exchanges surpassed an impressive 2.5 trillion yuan, signaling a robust investor sentiment. This surge was particularly evident on Monday, the final trading day before the National Day holidays.

On this day, the Shanghai Composite Index surged by 8.06 percent to close at 3336.5, while the Shenzhen Component Index recorded a substantial increase of 10.67 percent. The ChiNext Index, which monitors China’s high-growth enterprises akin to the Nasdaq, saw a significant uptick of 15.36 percent. Notably, the index comprising 50 prominent companies listed on the Beijing Stock Exchange surged by a remarkable 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 demonstrated a strong performance, with a cumulative surge of over 17 percent. The momentum continued on Monday as the turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the fourth consecutive trading day. The day opened on a positive note, with the Shanghai Composite Index starting 3.47 percent higher. Likewise, the Shenzhen Component Index and the ChiNext Index also saw significant gains at the opening bell, rising by 4.58 percent and 5.77 percent, respectively.

The recent rally in the A-share market can be attributed to a series of positive developments, including a key Communist Party of China (CPC) meeting that emphasized the importance of strengthening the capital market. The meeting also highlighted the proactive measures aimed at attracting medium- and long-term funds into the market, as reported by the Xinhua News Agency. Following this meeting, the Shanghai Composite Index crossed the 3,000-point mark for the first time since July 2, reflecting growing investor confidence.

In anticipation of the heightened trading activity, the Shanghai Stock Exchange (SSE) took proactive measures to ensure a smooth trading experience. The exchange conducted extensive trading tests on Sunday, with the bidding system receiving a record 270 million orders—double the historical peak and three times the volume of orders seen on the previous Friday. These tests were aimed at validating the trading platforms’ capacity to handle large order volumes effectively, a crucial aspect in maintaining market stability and efficiency.

The surge in trading activity and investor enthusiasm underscores the resilience and dynamism of the Chinese stock market, positioning the Shanghai Stock Exchange as a key player in driving the country’s economic growth and financial stability.