With China's economy recovered from the world financial crisis earlier and the stock markets of the developed countries are still far off from their peaks, the rank of China's stock market has moved up quickly.

According to a report released by the China Center for Market Value Management (CCMVM) on January 27, 2010China's A-share stock market has become the world's second-largest by market value after the United States,.

The report said that as of the end of 2009, the value of the China's A-share market rose 100.88 percent year-on-year to 24.27 trillion yuan ($3.57 trillion), overtaking Japan's $3.53 trillion with a hair thin difference. Obviously, the rank can change with one day's market variation, but it is still a significant step for China. 

The US remained as the world's largest equities market, which was worth $15.08 trillion.

Market value of the Shanghai and Shenzhen stock exchanges came to $2.70 trillion and $870 billion respectively, ranking the 6th and 16th among world's bourses.