Shanghai Stock Exchange: Listed Companies’ Total Market Cap Tops 65 Trillion Yuan

The concentration figure is the real signal here: roughly 100 of the SSE's largest companies account for more than half of total market value, and the exchange is explicitly crediting AI, integrated circuits and advanced manufacturing for that growth. That points to a structural shift in where China's listed equity value sits, with tech manufacturers displacing the sectors that historically anchored the market. The open question is whether that leadership broadens beyond the mega-cap tier, or whether the exchange's headline value stays dependent on a narrow set of large tech names.