| Alibaba.com is the largest B2B marketplace in the world. Source Coconut Oil, Acer , Air Bike, Children Furniture , Cane Sugar, Nissan, Costume, Dell, Wallpaper, Gsm Phone, Transfer Paper, Swimwear, Vending Machine, Faux Fur, Laptop, Milk Powder, MAP, Scooter, Candy, Artificial Flowers, Greeting Card, Photo Album, Hair Dye, Billiard Table, Data Cable, Silk Fabric, Cultured Stone, Slippers, Sports Equipment, Wood Flooring, DVD Case, Audio, Computer Mouse, T Shirt, Granite, Packaging, Tube, Toy and Thong
|Chinese mainland stock market to become world's third largest in 10 years
BEIJING, Jan. 14 (Xinhua) -- The yuan-dominanted
A-share market on the Chinese mainland will become the world's third largest
stock market - only after the United States and Japan - in 10 years, said Hu
Zuliu, general manager of Goldman Sachs Group (Asia) Ltd.
Market value of Chinese stocks will
reach five trillion U.S. dollars in 2016 and 10 trillion U.S. dollars in 2020,
equivalent to 70 percent of the country's gross domestic product (GDP), Hu told
the ongoing China Capital Market Forum in Beijing.
Compared with the most important stock markets in the
world, the A-share market is still small though it gained in size in 2006,said
China's bullish stock market saw total market value
hit a record high of 10.25 trillion yuan (1.31 trillion U.S. dollars) on Jan. 9,
which was equivalent to 50 percent of the country's GDP.
But the ratio of stock market value to GDP stands at
160 percent in the United States and 124 percent in India.
Hu said China's capital market is hampered from
expanding mainly because the banking sector predominates in the financial system
and enterprises have long relied on bank loans in financing.
Chinese enterprises suffer from "complicated,
overelaborate and time consuming" formalities before being allowed to go public,
which have made direct financing impossible for many of them.
Hu suggested China simplify these formalities to help
meet enterprises' demand for funds and expand the capital market to encourage
more enterprises to go public.