China trading halts leave 43% of entire stock market frozen

Investors looking at screens showing stock information at a brokerage house in Shanghai.
Investors looking at screens showing stock information at a brokerage house in Shanghai.PHOTO: REUTERS

HONG KONG (BLOOMBERG) - At least 1,249 companies have halted trading on mainland Chinese exchanges, accounting for 43 per cent of total listings.

The suspensions have locked up a minimum US$2.2 trillion (S$2.99 trilion) of shares, or 33 per cent of China's market capitalization, according to data compiled by Bloomberg. Some 917 companies have suspended trading on Shenzhen's bourse, and 332 in Shanghai, before 9 a.m. local time Wednesday.