THE capital market in Qingdao has made great strides over the past 20 years.

    According to a Dec. 20 meeting, 55 stock brokerages and 30 futures brokerages had so far been established in the city.

    By the end of November, total stock transactions had reached 1,125.33 billion yuan, accounting for 1.22 percent of the country’s total.

    More than 1.52 million investors had opened accounts in the city. Total transaction in futures exchange had amounted to about 3,584.56 billion yuan and the total sum of money investors can trade in the account had reached 3.60 billion yuan.

    So far, the city had 14 companies listed in domestic markets raising capital of 1.7 billion yuan. According to statistics for the first three quarters, total assets of listed companies in Qingdao was about 81 billion yuan and net profits were about 4.2 billion yuan, accounting for about 11 percent of the profits made from companies of a similar scale in the city. Total market value of these companies was about 170.1 billion yuan, accounting for 42.9 percent of the GDP in the same period.

    Qingdao Hanhe Cable Co. Ltd. and Qingdao Huaren Drug Co. Ltd. are listed in Shenzhen, while the SITC International Holding Co. went public in Hong Kong this year. The three companies had raised capital of 5.23 billion yuan in total.

    Qingdao Haili Metal One Co. Ltd., Qingdao East Steel Tower Stock Co. Ltd. and Qingdao Eastsoft Communication Technology Co. Ltd., had already received approvals from the China Securities Regulatory Commission and will be listed in Shenzhen next year. (Wang Yuanyuan, Fu Jun)