Market value of tradable shares: the total value of tradable shares obtained by multiplying the number of tradable shares at that time by the stock price at that time in a specific time. In China, the ownership structure of listed companies is divided into state-owned shares, legal person shares and individual shares. At present, only individual stocks can be listed and traded, and these shares are called tradable shares. The total number of shares in circulation multiplied by the stock market price is the market value of circulation. There is a hidden lever here: an extreme example is China Construction Bank: the market value of circulation only accounts for 3.8% of the total market value, so as long as funds are used to boost the stock price of 3.8% of the tradable shares in the secondary market, the market value of the enterprise will be enlarged in equal proportion. It is equivalent to using small funds to incite a large market value.
Total share capital: There are two explanations, 1. The total number of shares issued by the company, 2. Total capital, the total value of company assets. In the stock market, the total share capital we refer to generally refers to the number of shares.