The Shanghai Stock Exchange witnessed a remarkable surge as China’s A-share market soared, with a total turnover exceeding an impressive 2.5 trillion yuan. This surge was particularly notable on Monday, the final trading day before the week-long National Day holidays. The Shanghai Composite Index climbed by 8.06 percent to hit 3336.5, while the Shenzhen Component Index saw a substantial 10.67 percent increase. Furthermore, the ChiNext Index, which monitors China’s Nasdaq-style board of growth enterprises, experienced a significant surge of 15.36 percent. Notably, the index representing 50 prominent companies listed on the Beijing Stock Exchange rose by an impressive 22.84 percent. Both the Beijing bourse index and ChiNext Index achieved their highest single-day gains on record.

Throughout September, the Shanghai Composite Index has shown remarkable growth, surging by over 17 percent. The turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the fourth consecutive trading day, indicating the robust performance of the market. The Shanghai Composite Index opened 3.47 percent higher, with the Shenzhen Component Index and ChiNext Index also displaying notable increases at the opening on Monday.

The recent rally in China’s A-share market can be attributed to a key Communist Party of China (CPC) leadership meeting that emphasized the importance of strengthening the country’s capital market. The meeting also highlighted the active promotion of medium- and long-term funds to enter the market, as reported by the Xinhua News Agency. Following this meeting, the Shanghai Composite Index closed above the 3,000-point mark for the first time since July 2, signaling renewed investor confidence in the market.

To ensure a smoother trading experience, the Shanghai Stock Exchange (SSE) conducted comprehensive trading tests, receiving a staggering 270 million orders during the process. This volume was twice the historical peak and three times the number of orders submitted the previous Friday. The SSE’s proactive approach to testing its trading platforms aimed at handling large order volumes underscores its commitment to enhancing operational efficiency and meeting the demands of a rapidly growing market.

In conclusion, the Shanghai Stock Exchange’s recent surge, coupled with the impressive performance of China’s A-share market, reflects a positive sentiment among investors and underscores the market’s resilience and potential for further growth.