Wendy Zhang/ Shanghai Daily news

The Shanghai Composite Index soared to a record high of 2332.43 yesterday and the Shanghai Stock Exchange had recorded a transaction volume of 5.3 trillion yuan (US$677 billion) for the year by the end of the day.

This was 173 percent up from a year earlier and it rank the exchange 15th among global stock exchanges.

The Shanghai Stock Exchange celebrates its 16th anniversary today. Thanks to successful shareholding reforms, soaring share prices and transaction volumes, the exchange has made great achievements this year, with stock transaction volumes seeing the fastest growth of any worldwide.

At present, 770 listed companies have made shareholding reforms, with market values accounting for 96.99 percent of all listed companies.

By yesterday, a total of 840 companies have been listed in Shanghai Stock Exchange, with total market values of 6.1662 trillion yuan, up 160 percent from the end of last year and accounting for 33 percent of GDP.

By the end of last month, the exchange's market value ranked it 17th among the main global stock exchanges and had seen fund-raising of 139.2 billion yuan, with 104.4 billion yuan by Initial Public Offering (IPO).

Fund-raising by IPO placed the exchange 9th worldwide and second in Asia.