Historic Breakthrough: A-Share Market Surpasses 100 Trillion Yuan Valuation Milestone

China’s A-share market witnessed a landmark achievement on August 18th, with the aggregate market capitalization of all A-share listed companies breaking through the 100 trillion yuan threshold for the first time in history. This represents a momentous peak in the nation’s equity market, reflecting decades of economic development and growing investor confidence.

The milestone was driven by several heavyweight stocks commanding substantial valuations. Agricultural Bank of China (ABC) emerged as the market leader, boasting a market cap of 2.19 trillion yuan, followed closely by Industrial and Commercial Bank of China (ICBC) at 2.02 trillion yuan. These two financial titans alone account for a significant portion of the market’s total capitalization.

Beyond the banking sector, five other major listed companies have each reached valuations exceeding one trillion yuan, demonstrating the strength and diversity of China’s equity market. Notably, Kweichow Moutai, PetroChina, Bank of China, and CATL represent different sectors—liquor, energy, financial services, and technology respectively—showing that this market expansion is not concentrated in a single industry but reflects broad-based growth across the economy.

When converting 100 trillion yuan to dollars at current exchange rates, the figure underscores the massive scale and global significance of China’s stock market. This 100 trillion yuan achievement marks a turning point in the A-share market’s maturation, signaling the growing prominence of Chinese equities in global financial landscapes and reflecting the robust performance of the country’s leading enterprises.