91.98 trillion yuan

As of February 25, 2022, the total market value of A shares totaled 91.98 trillion yuan, an increase of more than 70% from 53.82 trillion yuan at the end of 2016

  China Settlement recently announced that since the number of A-share investors exceeded 150 million in March 2019, the number of A-share investors has continued to grow, reaching 200,008,700 by February 25, 2022.

Since it exceeded 100 million in 2016, the number of A-share investors has increased to 200 million in just 6 years, which means that an average of one million investors open accounts and enter the market every month.

  The 6 years in which investors have "running into the market" are also 6 years in which the A-share market has developed rapidly and the basic system has been continuously improved.

While the number of listed companies and the total market value of the market continued to grow, reform measures such as the establishment of the Beijing Stock Exchange and the Science and Technology Innovation Board and the implementation of the new securities law were gradually implemented.

  The full implementation of the registration system is not far away

  Historical data shows that since the establishment of the Shanghai Stock Exchange in December 1990, the number of A-share investors exceeded the 100 million mark in January 2016, which lasted about 26 years; January 2016 to February 25, 2022 , it took only 6 years for the number of A-share investors to increase from 100 million to 200 million.

  At the same time, the A-share market has also undergone tremendous changes: from the perspective of total market value, as of February 25, 2022, the total market value of A-shares totaled 91.98 trillion yuan, an increase of more than 70% from 53.82 trillion yuan at the end of 2016; In terms of the number of companies, since the end of 2016, the number of A-share listed companies has increased from 3,034 to 4,732, a cumulative increase of 1,698; from the perspective of market transactions, in 2016, the total A-share transaction volume was 126.51 trillion yuan, with an average daily transaction. The total turnover is 518.495 billion yuan. By 2021, the annual turnover will soar to 257.18 trillion yuan, and the average daily turnover will reach 1,058.374 billion yuan.

In the 34 trading days since 2022, the average daily turnover of A-shares has remained above one trillion yuan.

  Considering that many investors choose to participate in market transactions by subscribing to funds, the substantial increase in the number of new investors in A-shares in the past six years has also boosted the huge leap in the size of funds and the number of Christians.

According to data from the Asset Management Association of China, as of the end of 2016, the number of public funds was 3,867, with a fund size of 9.16 trillion yuan; by the end of 2021, the number of public funds increased to 9,288, with a fund size of 25.56 trillion yuan.

  From the perspective of market construction, this period is also the six years of continuous deepening of reforms: in 2016, the new third board market expanded rapidly, and the total number of listed companies exceeded 10,000 by the end of the year; in the second half of 2021, on the basis of continuous reform, the new third board was originally The selection layer has been upgraded to the current "Beijing Stock Exchange", becoming the third stock exchange in China; in July 2019, the science and technology innovation board opened with a gong, attracting science and technology companies to come, and listed companies in less than 3 years The total number has reached nearly 400; the implementation of the ChiNext registration system in 2020 has made the deepening reform of the capital market begin to gradually extend to the stock market, and then the Shenzhen main board and the small and medium-sized board announced the merger; The issuance of stock registration management measures indicates that the full implementation of the registration system is not far away.

  In terms of the construction of the rule of law, the Securities Law, which is the "fundamental law" of the capital market, has also been "overhauled" and will be officially implemented on March 1, 2020.

The new securities law has added a special chapter on investor protection, which clarifies topics that have attracted much attention from investors, such as increasing penalties, raising illegal costs, and establishing a representative litigation system.

With the first-instance judgment of the country's first securities class action case "Kangmei Pharmaceutical Case" in November 2021, the power of the class action system has begun to show, and more than 52,000 investors have been awarded a total of about 2.459 billion yuan in compensation.

  Improve investor protection system and mechanism

  With the continuous growth of the number of investors in the market, various investment education service activities for investors have also become the focus of continuous efforts in the industry in recent years, and the protection of investors' rights and interests has been continuously strengthened.

  From 2018 to 2021, the Small and Medium Investor Service Forum sponsored by the China Securities Small and Medium Investor Service Center and other institutions has been held for four sessions. Good ecology has made a positive contribution.

At the 4th Small and Medium Investor Service Forum to be held in September 2021, the regulatory authorities made intensive voices, including promoting the formulation of the "Regulations on the Supervision and Administration of Listed Companies", improving the judicial rules for investor protection, and further promoting special actions on corporate governance. Proceed to promote the normalization of special representative litigation work and other new regulatory trends.

  In September 2015, the China Securities Regulatory Commission started the construction of education bases for securities and futures investors, and within four years, there have been 199 investment education bases nationwide.

On the "5.15 National Investor Protection Publicity Day" in 2019, the Securities Association of China issued an action proposal for "Investor Education Entering 100 Schools" to the industry. In more than two years, 75 securities companies have entered more than 1,000 institutions. Universities, middle schools and primary schools carry out investment education activities.

  A few days ago, the China Securities Regulatory Commission held the 2022 Investor Protection Work Conference. The meeting required that the 2022 insurance work should focus on the goals of "stabilizing growth, preventing risks, and promoting reforms", and further improve the institutional mechanism and supervision system for investor protection, so as to be more precise and pragmatic. measures to continuously improve the effectiveness of investor rights protection and better serve the high-quality development of the capital market.

Further unblock the channels for investors to protect their rights and recover their rights in accordance with the law, improve the basic system for investor protection, guide and urge market operating institutions to take the initiative to do insurance work, cultivate a team of rational investors, and consolidate the basic guarantee for insurance work.

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