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Shanghai Stock Exchange

(chinadaily.com.cn)
Updated: 2010-07-29 17:41

Shanghai Stock Exchange [Asianewsphoto/File]

The Shanghai Stock Exchange (SSE) was founded on Nov 26, 1990, and started operation on Dec 19 the same year. It is directly governed by the 皇冠体育app Securities Regulatory Commission (CSRC), 皇冠体育app's top securities regulator.

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SSE has multiple functions: providing marketplace and facilities for securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information.

After several years of operation, SSE became the most preeminent stock market on the Chinese mainland in terms of number of listed companies, number of shares listed, total market value, tradable market value, securities turnover in value, stock turnover in value and the T-bond turnover in value.

As of the end of 2009, SSE boasted 1,351 listed securities and 870 listed companies, with a combined market capitalization of 18.47 trillion yuan ($2.72 trillion).