Obscure Chinese Stock Market Is Bigger Than Shanghai’s: Chart

Move over Shanghai. The new giant among Chinese stock markets is a small and mid-cap venue based in the southern city of Shenzhen. Turnover on the board reached 187 billion yuan ($28 billion) on June 8, exceeding that of the Shanghai Stock Exchange and almost triple that of Shenzhen’s main bourse. Still, don’t expect greater trading to translate into better performance -- the SME gauge is down 20 percent this year, in line with benchmark indexes in Shanghai and Shenzhen.

--With assistance from Zhang Shidong and Gary Gao To contact the reporter on this story: Michael Patterson in Hong Kong at mpatterson10@bloomberg.net. To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net.