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China's equity market exceeds 10 trln yuan
The market showed signs of cooling down in H1, with the number of newly-raised funds tumbling 47.2 percent to 1,190, according to a recent report by Zero2IPO, a Chinese market research institution. Meanwhile, funds raised in the period were valued at 572.956 billion yuan, down 19.4 percent year on year, the report said. The number of investment cases in the market dropped 39.1 percent to 3,592, with the investment value declining 58.5 percent to 261.091 billion yuan. The equity market saw stronger presence of the industries of technology and innovation in H1, the report said, adding that the IT industry, boosted by ... (full story)