Chen Changhua, general manager of the Credit Suisse Group (Hong Kong), even predicted the market value of China's capital market would touch 15 trillion yuan in 2010, about half the country's GDP or four times the figure in 2005.

Apart from the surging equity value, the mainland stock markets also emerged as the world's biggest source of capital for new listings this year, according to Dealogic, a famous data provider.

With a number of blue chips such as the Industrial and Commercial Bank of China, the Bank of China and Air China listed on the Renminbi-denominated A-share markets, the Shanghai and Shenzhen stock markets have so far raised a combined 118.23 billion yuan.

The Industrial and Commercial Bank of China, China's largest bank, for instance, raised 22 billion U.S. dollars, a world record, through a dual listing in Hong Kong and Shanghai.

On Thursday, the benchmark Shanghai Composite Index climbed to 2,071.24 points, a five-year-high, while the Shenzhen Component Index climbed to a nine-year closing high of 5,345.91 points.

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