It's a dramatic upswing and a sure sign of market confidence, and could well be construed as another sign of overall economic recovery.  China's stock market has now overtaken Japan once again as the world's 2nd most valuable exchanges.  China's domestic stock market is now valued at some 3.2 trillion US dollars.  In fact, the Shanghai Composite Index has risen approximately 75 percent this year.  But while China’s stock market is now the 2nd most valuable in the world, there is a long way to go to catch up to the US stock market, which boasts a value of around 10.8 trillion US dollars.  So what are the factors that are pushing up China’s stock market value?  Will the resumption of IPO's continue to bolster the markets?  And what is going to happen next year when foreign companies will be allowed to list on the Shanghai Stock Exchange?

Join us in today's   People In the Know  are Professor Zhao Xijun, Deputy Dean of the School of Finance at Renmin University, and Mr. Jim Trippon, an American expert on the China stock market and editor-in-chief of the China Stock Market Digest.

Questions or comments for us can be sent to people@cri.com.cn.  You can also catch our show on your mobile phone by simply logging onto M.CRI.CN.  For Producers Chen Mo and Xu Yang and Interns Lu Jia and Wang Yating, I'm Paul James in Beijing.  We'll talk to you tomorrow.