China hits new height for A-share listed companies

China's total number of A-share listed companies has reached 4,494, with a total market value of 93.08 trillion yuan ($14.57 trillion), The Paper reported on Wednesday.

China's capital city Beijing boasts the country's most valuable A-share listed companies, in the petroleum and petrochemical, banking and non-banking finance industries.

As of Oct 12, Beijing topped the list of China's A-share listed companies in terms of total market value, with 19.93 trillion yuan total market value for 405 companies according to financial information service provider iFinD.

South China's Guangdong province, with 740 companies worth 15.89 trillion yuan, grabbed second place, followed by Shanghai, with 375 companies worth 8.52 trillion yuan.

East China's Zhejiang and Jiangsu provinces grabbed fourth and fifth spots with their A-share listed companies' total market value of 7.77 and 6.82 trillion yuan respectively.

The total market value of the A-share list companies in the above five regions accounted for 63.3 percent of the total in the country.

Listed companies are making more contributions to and playing an more influential role in regional economic development. The quantity and quality of these companies also directly reflects the economic strength and vitality of a region.