据华尔街日报报道，中国股市回归牛市，这是经过从大陆撤出万亿股值的浮动不定的夏天之后，股市取得的令人惊讶的成就。
自8月26日以来，上海综合指数涨停至20.3%，这是夏季的最低值。这个报账形势预示着牛市的到来，据股市定义，从最近的最低点上涨20%即为牛市。
上海数据攀升1.8%，在周四接近3522.82，使今年的涨幅达到8.9%。
根据交易所的数据，截至星期四在上海股票交易所的保证金债务余额升至两个月高位6487.6亿元（1021亿美元）， 但是相比六月上海接近5178.19，1.4万亿交易额高峰数据还是下降54%。
自从上次崩盘后，投资者逐渐恢复到市场，交易额总量又回归到8月中旬以来的最高峰。
深圳综合指数和创业板指数，两个追踪中国的纳斯达克式板成长性企业，从最近的9月15日低点分别上涨32%和43%。
股市回弹得益于中国政府一系列的刺激经济和重拾市场信心的政策措施。今年10月23日，中国政府第六次降低基准利率，并且颁布了到2020年的下一个五年规划。
新华网报道，习近平主席说道，在未来五年国家经济将保持6.5%以上，实现比2010年GDP翻一番的目标。
央行行长周小川曾说，中国将在年内上市交易环节连接深圳和香港，金融和科技板块股市将推动最新收益。包括华泰证券和光大证券的券商在过去两天里以10%涨停。
今年7月政府出台干预股市，出资上千亿元购买股份来稳定股市。据日报援引的统一意见指出，如果不增加投资，中国当局已经不再干预股市。
即使有这些收益，投资者因为上次的大崩盘得到的教训,还是对中国股市持怀疑态度。据报纸称，政府将卖掉其所持股票来刺激投资给予了更多股民信心。（中国进出口网）
Chinese stocks are back on the bull market, a surprising achievement after a volatile summer wiped out trillions of dollars in value from mainland equities, reported Wall Street Journal.
The benchmark Shanghai Composite Index has rallied 20.3 percent since Aug 26, the bottom of the summer selloff. Such surge signals a bull market wher by definition stocks rise 20 percent from a recent low.
The Shanghai gauge climbed 1.8 percent to close at 3,522.82 on Thursday, bringing its year-to-date gains to 8.9 percent.
The outstanding balance of margin debts at the Shanghai Stock Exchange rose to a two-month high of 648.76 billion yuan ($102.1 billion) as of Thursday, according to the bourse data, but are still down 54 percent from its 1.4 trillion yuan peak in June when the Shanghai index touched on 5178.19.
Investors have gradually returned to the market since the rout, said the newspaper, as trading volumes have rebounded to the highest level since mid-August.
The Shenzhen Composite Index and ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, have surged 32 percent and 43 percent respectively from their recent lows on Sept 15.
The rebound came as the government launched a spate of policies to prop up the economy and restore market faith. Among which, China cut benchmark interest rates for a sixth time in a year on Oct 23 and unveiled its five-year plan ending 2020.
The country will have to keep its economy growing at no less than 6.5 percent over the next five years to realize the goal of doubling 2010 gross domestic product and per capita income by 2020, President Xi Jinping said, according to Xinhua.
Financial and technology stocks fueled the latest gains after central bank governor Zhou Xiaochuan was reported to have said that China would launch a trading link connecting bourses in Shenzhen and Hong Kong within the year. Brokerages including Huatai Securities and Everbright Securities rallied by the daily limit of 10 percent over the past two days.
The Chinese government has likely spent hundreds of billions of yuan buying shares to stabilize the market since it announced state intervention in early July, said the Journal citing consensus estimate, adding that authorities have held on to stocks since then, if not adding more to their portfolio.
Despite the gains, some investors remain skeptical as lessons were learnt from the rout, while for others, confidence that the government will not soon sell its holdings has encouraged more buying, reported the newspaper.
