Chinaâs stock markets are some of the largest in the world, with total market capitalization reaching RMB 79 trillion (US$12.2 trillion) in 2020. Chinaâs stock markets are seen as a crucial tool for driving economic growth, in particular for financing the countryâs rapidly growing high-tech sectors.Although traditionally closed off to overseas investors, Chinaâs financial markets have gradually been loosening restrictions over the past couple of decades. At the same time, reforms have sought to make it easier for Chinese companies to list on onshore stock exchanges, and new programs have been launched in attempts to lure some of Chinaâs most coveted overseas-listed companies back to the country.
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at âč43,559 crore at the end of March 2021 compared to the companyâs market capitalisation of âč44,447 crore.
