The Shanghai Stock Exchange (SSE) is a Chinese stock exchange based in the city of Shanghai, with a market capitalization of nearly US$3.02 trillion (2007) making it the largest in mainland China and fifth largest in the world. The current exchange was re-established on November 26, 1990 and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC).
Mainland China has a second, smaller, stock exchange: the Shenzhen Stock Exchange,
Shanghai Stock Exchange Building
Historical Timeline:
1866 - The first share list appeared in June.
1871 - Speculative bubble burst triggered by monetary panic.
1883 - Credit crisis resulted speculation in Chinese companies.
1890 - Bank crisis started from Hong Kong.
1904 - Renamed to "Shanghai Stock Exchange".
1941 - The market closed on Friday 5 December. Japanese troops occupied Shanghai.
1990 - The present Shanghai Stock Exchange re-opened in November 26 and began operation on December 19.
2001-2005 - A four-year market slump which saw Shanghai's market value halved (after reaching a peak in 2001). A ban on new IPOs was put in April 2005 to curb the slump and allow more than US$200 billion of mostly state-owned equity to be converted to tradable shares.
2007 - A "stock market frenzy" as speculative traders rush into the market, making China's stock exchange temporarily the world's second largest in terms of turnover.
2008 - Having reached a peak in October 2007 the index falls over 50% by June 2008.
Structure
The three kinds of bonds are the Treasury bonds, corporate bonds and the convertible bonds. Among these the treasury bonds are the most active.
There are again two kinds of stocks issued in the Shanghai Stock Exchange. They are:
A shares: They are priced in the local Renminbi yuang currency . These shares were restricted to the domestic investors. After the reforms in 2002 the foreign investors also have right to these shares.
B shares: They are quoted in the US dollars. T hese shares are made available to the domestic as well as the international investors.
List of Indices:
SSE New Composite Index (NEWSHGIDX-SH)
SSE 50 Index (SHG50-SH)
SSE 180 Index (SHG180-SH)
SSE 180 Financial Index (SHG180FN-SH)
SSE 180 Governance Index (SHGGVRN-SH)
SSE Dividend Index
SSE Trading Floor
SSE Governance Index
SSE Medium Composite Index
SSE Composite Index (SHGIDX-SH)
SSE A Share Index
SSE B Share Index
SSE Fund Index
SSE Industrial Index
SSE Commercial Index
SSE Real Estate Index
SSE Utilities Index
SSE Conglomerates Index
Trading Sessions / Market Hours:
* Pre-Market Session: 09:15 - 09:25
* Normal Trading Session: 09:30 - 15:00
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