AsianFin -- Trading activity on China’s Shanghai and Shenzhen stock exchanges on Monday surged past 3 trillion yuan (approximately US$435 billion), marking the first time in 217 trading days that the combined turnover exceeded this level. The milestone also represents the second-highest daily trading value on record.

According to market data, the total transaction volume surpassed the previous annual high of 2.9426 trillion yuan (around US$427 billion) set on October 9, 2024, and trails only the all-time record of 3.4549 trillion yuan (about US$502 billion) achieved on October 8, 2024.

The resurgence in trading comes amid signs of renewed investor interest in China’s equities, following months of subdued market activity. Analysts note that factors such as policy support for the property market, easing of home-buying restrictions in key cities, and expectations of stable liquidity have contributed to the uptick.

“This level of turnover reflects a strong recovery in market sentiment and investor confidence,” said a senior analyst at a leading Chinese brokerage. “While it’s still below the peak enthusiasm seen in 2024, surpassing 3 trillion yuan shows that domestic investors are returning in force.”

The record-breaking turnover was driven by broad participation across sectors, with technology, consumer, and real estate-related stocks seeing significant volume. Retail investors, who have played a crucial role in recent market rallies, were reportedly a major contributor to the surge.