Mainland stock becomes market world's fourth-largest

The market value of the mainland stock market reached US$3.37 trillion at the end of September, making it the world's fourth-largest by that measure, said Shang Fulin, the chairman of China Securities Regulatory Commission (CSRC) at the ongoing 17th National Congress of the Communist Party. Shang noted that the market's ranking correlates to China's GDP ranking in the world, implying that the market is playing a better part acting as a barometer of China's economy, China Securities News reported (in Chinese). The CSRC has conducted a series of reforms to its equities markets over the past five years.