The only other country to have a geothermal code is Australia, which has a considerably smaller total market capitalization of geothermal companies than Canada.
Consumer discretionary stocks are roughly 5% of the the total market capitalization of China Inc, compared to approximately 20% for Japan and 15% for France.
This is roughly equal to one-third of the net assets on the balance sheet, and 10% more than the total market capitalization of the company.
The 914 companies that are now listed on the Shanghai Stock Exchange have a total market capitalization of RMB 17.7 trillion and trade at an average of 16.1 times earnings.
To emphasize the "modest but tailored" approach of the law, Ms. Mitchell notes that companies affected by the Jobs Act will add up to only 12% of exchange-listed companies, amounting to just 3% of total stock market capitalization.
Despite gross inefficiencies like this, the SOE share of the total A-share market capitalization has actually increased, jumping from 65% just a decade ago to approximately 75% today.
For example, Bill Gates personally is worth almost twice as much as the total capitalization of the Thai stock market, and he and Warren Buffet are worth about as much as Malaysia.
Most country funds, like other index funds, are market-weighted, meaning their exposure to different stocks is based on the total value of the stocks' shares outstanding in comparison with the market capitalization of other shares in that market.
The Vanguard Total World Stock Index ETF (VT) provides a global mix of stocks based on market capitalization.
Merck, the third-largest drugmaker by total sales, now lags smaller rival Novartis (nyse: NVS - news - people ) in market capitalization.
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