Mainland stock markets pass Japan for No. 2

Mainland China's two stock exchanges combined have become the world's second-largest stock market by capitalization with US$4.72 trillion, the South China Morning Post reported. According to Bloomberg, The combined market value of the Shanghai and Shenzhen stock exchanges passed that of the Tokyo Stock Exchange (TSE) on January 4, as Japan's Nikkei-225 Index fell to finish at a 117-month low. The TSE's market capitalization stood at US$4.11 trillion, yesterday while the two mainland exchanges posted a combined US$4.61 trillion.