Обзор экономики и отраслей
China is the world's second-largest economy by nominal GDP and the largest by purchasing-power parity, with a 2024 nominal GDP of approximately USD 18.8 trillion. The economy is driven by manufacturing, technology, finance, energy, and a rapidly expanding services sector, with manufacturing and industry accounting for roughly 35–36% of GDP and services approximately 57–58%. China is the world's largest exporter and a major hub for electric vehicles, consumer electronics, steel, and petrochemicals. The government has undertaken structural reforms to shift growth toward domestic consumption and high-quality development, while managing headwinds from property-sector deleveraging and subdued consumer inflation. The Shanghai Stock Exchange and Shenzhen Stock Exchange together constitute one of the largest equity markets globally.
Ключевые секторы
Всё о стране China →Макро
| ВВП номинальный, USD | $18.80T |
| Рост ВВП реальный, годовой | 5.0% |
| Инфляция годовая | 0.2% |
| Население человек | 1.41B |
| ВВП на душу населения USD | $13,306 |
| Рыночная капитализация всего на бирже, USD | $11.00T |
| Рыночная капитализация / ВВП | 58.5% |
| Безработица | 5.1% |
| Листингованные компании | 5,300 |
| Биржа | Shanghai Stock Exchange (SSE) |
Год данных: 2024. Источники: National Bureau of Statistics of China (NBS), World Bank, IMF World Economic Outlook, China-Briefing, Wikipedia – Economy of China, CEIC Data, Trading Economics, Straits Research – Top Chinese Companies by Market Cap, Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE).
Последние новости
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Другие рынки East Asia
Крупнейшие листингованные компании
Крупнейшие компании на основной местной бирже по рыночной капитализации.
| # | Компания | Сектор | Рыночная капитализацияUSD | Листинг в США |
|---|---|---|---|---|
| 1 | Tencent Holdings700 · SEHK (Hong Kong) | Technology / Internet | $593.81B | TCEHY |
| 2 | Alibaba Group Holding9988 · SEHK (Hong Kong) | Technology / E-commerce | $316.42B | BABA |
| 3 | Industrial and Commercial Bank of China (ICBC)601398 · SSE | Banking | $313.65B | IDCBY |
| 4 | Kweichow Moutai600519 · SSE | Consumer Staples / Beverages | $275.17B | — |
| 5 | Agricultural Bank of China601288 · SSE | Banking | $245.22B | ACGBY |
| 6 | China Mobile600941 · SSE | Telecommunications | $233.78B | — |
| 7 | China Construction Bank601939 · SSE | Banking | $222.89B | CICHY |
| 8 | Bank of China601988 · SSE | Banking | $209.86B | BACHY |
| 9 | PetroChina601857 · SSE | Energy / Oil & Gas | $203.27B | PTR |
| 10 | Xiaomi Corporation1810 · SEHK (Hong Kong) | Consumer Electronics / Technology | $172.49B | XIACY |
| 11 | CATL (Contemporary Amperex Technology)300750 · SZSE | Industrials / EV Batteries | $160.00B | — |
| 12 | Meituan3690 · SEHK (Hong Kong) | Technology / Consumer Internet | $140.00B | MPNGF |
| 13 | PDD Holdings (Pinduoduo)PDD · NASDAQ | Technology / E-commerce | $135.00B | PDD |
| 14 | China Merchants Bank600036 · SSE | Banking | $120.00B | CIHHF |
| 15 | JD.com9618 · SEHK (Hong Kong) | Technology / E-commerce | $55.00B | JD |
| 16 | NetEase9999 · SEHK (Hong Kong) | Technology / Gaming & Media | $52.00B | NTES |
| 17 | Ping An Insurance601318 · SSE | Insurance / Financial Services | $95.00B | PNGAY |
| 18 | China Yangtze Power600900 · SSE | Utilities / Renewable Energy | $70.00B | — |
| 19 | CNOOC Limited600938 · SSE | Energy / Oil & Gas | $85.00B | — |
| 20 | BYD Company002594 · SZSE | Consumer Discretionary / Electric Vehicles | $90.00B | BYDDY |
ETF на рынках США
Фонды, зарегистрированные в США и обеспечивающие доступ к этому рынку, наиболее простой маршрут для многих американских инвесторов.
| ETF | Охват | Коэффициент расходов% годовых | Экспозиция% фонда |
|---|---|---|---|
| MCHIiShares MSCI China ETF · BlackRock iShares | Одна страна | 0.59% | 100% |
| GXCState Street SPDR S&P China ETF · State Street SPDR | Одна страна | 0.59% | 100% |
| CNYAiShares MSCI China A ETF · BlackRock iShares | Одна страна | 0.65% | 100% |
| ASHRXtrackers Harvest CSI 300 China A-Shares ETF · DWS Xtrackers | Одна страна | 0.65% | 100% |
| FXIiShares China Large-Cap ETF · BlackRock iShares | Одна страна | 0.74% | 100% |
| KWEBKraneShares CSI China Internet ETF · KraneShares | Одна страна | 0.76% | 100% |
| KSTRKraneShares China Technology & Semiconductor STAR 50 Index ETF · KraneShares | Одна страна | 0.78% | 100% |
| VWOVanguard FTSE Emerging Markets ETF · Vanguard | Широкий EM | 0.08% | 25% |
| EEMiShares MSCI Emerging Markets ETF · BlackRock iShares | Широкий EM | 0.70% | 24% |
Местная биржа и доступ
| Биржа | Shanghai Stock Exchange |
| Код | SSE |
| Сайт | www.sse.com.cn |
| Валюта | CNY |
Доступ через местных брокеров
Foreign investors can access China A-shares (Shanghai and Shenzhen) via the Stock Connect programmes (Shanghai-Hong Kong Connect, Shenzhen-Hong Kong Connect) through Hong Kong brokers, or through QFII/RQFII licensed institutions. US-based retail investors most commonly gain exposure through US-listed ETFs or via ADRs/NYSE/NASDAQ-listed Chinese companies. Direct account opening on mainland exchanges is generally not available to non-China-resident foreigners. Capital controls apply to cross-border fund movements.
Глобальные брокеры с доступом к иностранным рынкам
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Приведено исключительно для справки, не является рекомендацией. Доступные рынки, комиссии и условия обслуживания различаются у разных брокеров и зависят от страны вашего проживания.
Переезд и вид на жительство
Инвестиционная виза / программа вида на жительство
Гранты No formal investment-migration programme
China does not operate a formal golden visa or citizenship-by-investment programme for foreigners. Foreign nationals may obtain long-term residence permits (up to 5 years, renewable) based on work, family, or talent criteria, but there is no designated investment-migration pathway granting permanent residency solely in exchange for a capital investment. China introduced a points-based 'green card' (permanent residence) system that considers investment and contributions, but it remains restrictive and rarely granted compared to similar programmes elsewhere.
Нужна помощь с подачей заявки? Специализированные консультанты по инвестиционной миграции, например Henley & Partners.
Доступ для иностранных инвесторов
Foreign nationals relocating to China typically require a work visa (Z visa) or residence permit tied to employment, family, or recognised talent status. Long-term residence and permanent residence ('green card') approvals are limited. Mandarin language proficiency is highly beneficial for daily life. Major expatriate hubs include Beijing, Shanghai, Shenzhen, and Guangzhou, which offer international schools and healthcare facilities.
АДР и кросс-листинги в США
Компании из этой страны, акции которых также торгуются в США, доступны через обычный брокерский счёт в США.
| Компания | Тикер в США | Местный тикер | Примечание |
|---|---|---|---|
| Alibaba Group Holding | BABA | 9988 (SEHK) | NYSE-listed ADR; one of the most actively traded Chinese ADRs in the US; each ADS represents eight ordinary shares. Alibaba has a primary listing in Hong Kong and a secondary listing in New York. |
| Baidu | BIDU | 9888 (SEHK) | NASDAQ-listed ADR; China's dominant internet search engine and a leader in AI and autonomous driving technology. Dual-listed in Hong Kong and on NASDAQ. |
| Bilibili | BILI | 9626 (SEHK) | NASDAQ-listed ADS; China's leading video platform popular among younger audiences, analogous to a combination of YouTube and Twitch. Dual-listed in Hong Kong and NASDAQ. |
| JD.com | JD | 9618 (SEHK) | NASDAQ-listed ADR; each ADS represents two ordinary shares. JD.com also has a primary listing in Hong Kong. Subject to SEC audit-inspection requirements under the HFCAA. |
| Li Auto | LI | 2015 (SEHK) | NASDAQ-listed ADS; Chinese extended-range and battery EV manufacturer dual-listed in Hong Kong and NASDAQ. One of China's top-selling domestic NEV brands. |
| NIO | NIO | 9866 (SEHK) | NYSE-listed ADS; Chinese premium electric vehicle manufacturer dual-listed in New York, Hong Kong, and Singapore. Each ADS represents one ordinary share. |
| NetEase | NTES | 9999 (SEHK) | NASDAQ-listed ADR; dual-listed in Hong Kong and NASDAQ. One of China's major gaming and internet companies with a long history of US listing. |
| New Oriental Education | EDU | 9901 (SEHK) | NYSE-listed ADS; China's largest private education company, dual-listed in Hong Kong and New York. Has pivoted its business following China's 2021 regulations restricting for-profit tutoring in core academic subjects for K-9 students. |
| PDD Holdings (Pinduoduo/Temu) | PDD | N/A (primary US listing) | NASDAQ-listed ordinary shares; PDD Holdings is incorporated in Ireland with its primary listing on NASDAQ. Operates Pinduoduo in China and the Temu platform internationally. |
| Pinduoduo / PDD Holdings | PDD | N/A | See PDD Holdings entry above. |
| Tencent Holdings (OTC) | TCEHY | 700 (SEHK) | OTC-traded ADR in the US; Tencent's primary listing is on the Hong Kong Stock Exchange. TCEHY is an over-the-counter ADR, not listed on a major US exchange. |
| Trip.com Group | TCOM | 9961 (SEHK) | NASDAQ-listed ADR; China's largest online travel platform, operating Ctrip domestically and Trip.com internationally. Dual-listed in Hong Kong and NASDAQ. |
| XPeng (XPEV) | XPEV | 9868 (SEHK) | NYSE-listed ADS; Chinese smart EV manufacturer dual-listed in New York and Hong Kong. Known for advanced driver-assistance systems and smart cockpit technology. |
| Yum China Holdings | YUMC | 9987 (SEHK) | NYSE-listed shares; operator of KFC, Pizza Hut, and other restaurant brands in China. Dual-listed in New York and Hong Kong; spun off from Yum! Brands in 2016. |