The Shanghai Composite Index ended almost flat on Monday, after reports that the People’s Bank of China summoned Ant executives on Saturday and ordered them to formulate a rectification plan and an implementation timetable of its business, including its credit, insurance and wealth management services. In global news, US President Donald Trump has signed a $900 billion pandemic relief and government funding package into law Sunday after he threatened to veto the bill and coronavirus vaccination started in the European Union. On the data front, official data on Sunday showed profits earned by China's industrial firms rose by 2.4% yoy in January-November while in November alone industrial profits jumped 15.5% yoy.
Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6124.04 in October of 2007. China Shanghai Composite Stock Market Index - data, forecasts, historical chart - was last updated on December of 2020.
The China Shanghai Composite Stock Market Index is expected to trade at 3286.02 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2994.53 in 12 months time.