The 914 companies that are now listed on the ShanghaiStock Exchange have a total market capitalization of RMB 17.7 trillion and trade at an average of 16.1 times earnings.
It is worth noting that (a) the Shanghaistockmarket did not react well to another GDP report showing the economy to be growing at double-digit rates and (b) that there are other emerging markets also starting to play the tightening game.
Meanwhile, after a series of big ups and downs, China's stockmarket, as measured by the Shanghai Composite Index, is trading right where it was about a decade ago.