Bull run ranks China stock market world's 2nd largest

Rate cut seen widely as bullish factor; rally yet to attract offshore investors

The Shanghai A-share market made history on Friday by breaking the world record for turnover by any stock exchange in a single day.

More than 700 billion yuan ($114 billion) worth of shares changed hands on the bourse. The previous record was turnover of $99.5 billion, or 610 billion yuan at the current exchange rate, on July 26, 2007, on the US stock market.