Shanghai Stock Exchange

The Shanghai stock exchange is called Shanghai Stock Exchange, one of the two stock exchanges in Chinese mainland, located in Pudong New Area, Shanghai. Shanghai Stock Exchange was founded on November 26, 1990 and officially opened on December 19, 1990. By the end of 2009, the Shanghai Stock Exchange had 870 listed companies, 1351 listed securities, and a total market value of 18465.523 billion yuan. A large number of pillar enterprises, key enterprises, enterprises in basic industries and high-tech enterprises of the national economy have not only raised funds for development, but also transformed their operation mechanism through listing.

Shanghai Stock Exchange

, located in Pudong New Area, Shanghai.

On December 19, 1990, the Shanghai Stock Exchange officially opened. By the end of 2018, there were 1450 listed companies in Shanghai stock market, with a total market value of 27.0 trillion yuan; in 2018, the cumulative turnover of stocks was 40.3 trillion yuan, with a daily average turnover of 165.9 billion yuan, and the total amount of stock market financing was 611.4 billion yuan; there were only 12089 listed companies in the bond market, with a custody volume of 8.4 trillion yuan, with a total turnover of 216.9 trillion yuan; there were 233 fund markets, with a total turnover of 7.2 trillion yuan; and there was a derivatives market A total of 179.8 billion yuan was sold in the whole year. The number of accounts opened by investors in Shanghai Stock Exchange has reached 296.1 million.

A large number of pillar enterprises, key enterprises, enterprises in basic industries and high-tech enterprises of the national economy have not only raised funds for development, but also transformed their operation mechanism through listing.

In December 2018, with the approval of China Securities Regulatory Commission, the newly revised Listing Rules for corporate bonds of Shanghai Stock Exchange and listing and transfer rules for corporate bonds of non-public development banks of Shanghai Stock Exchange were officially released and implemented.

overview

Trading hours on the Shanghai Stock Exchange are from Monday to Friday. Morning is the front market, 9:15 to 9:25 is the call auction time, and 9:30 to 11:30 is the continuous auction time. Afternoon is the aftermarket, 13:00 to 15:00 is the continuous bidding time, and the market is closed on Saturdays, Sundays and closed days announced by Shanghai Stock Exchange. Shanghai Stock Exchange is a non-profit legal person under the direct management of China Securities Regulatory Commission. Its main functions include: providing places and facilities for securities trading; formulating business rules of stock exchanges; accepting listing applications and arranging securities listing; organizing and supervising securities trading; supervising members and listed companies; managing and publishing market information. The trading mode of the Shanghai Stock Exchange is electronic bidding. All the trading of listed securities must be publicly declared through the computer host, and the host will automatically match the transaction according to the principle of price priority and time priority. In November 2009, after the Shanghai Stock Exchange upgraded its new generation trading system, the peak order processing capacity reached 80000 orders per second, and the daily bilateral transaction capacity of the system was no less than 120 million, equivalent to the daily transaction scale of 1.2 trillion yuan in a single market

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The Shanghai Stock Exchange is a member of the international organization of Securities Regulatory Commission (Iosc), the Federation of Asian Pacific stock exchanges and the World Federation of stock exchanges. After years of continuous development, the Shanghai stock market has become the leading market in mainland China, with the number of listed companies, the number of listed stocks, the total market value, the circulating market value, the total transaction volume of securities, the transaction volume of stocks and the transaction volume of treasury bonds ranking first. As of March 11, 2013, the Shanghai Stock Exchange has 954 listed companies, 2214 listed securities and a total market value of 16075.071 billion yuan. Listed companies have raised a total of 25 trillion yuan.

After entering the new century, the Shanghai Stock Exchange is shouldering the arduous task of standardizing the development of the market, and also facing a good opportunity to further promote the construction of the market. With the first-class hardware facilities, Pudong's superior location advantages and strong radiation power, Shanghai's good economic development momentum and unique leading effect, and the active promotion of state-owned enterprise reform and financial center construction to Shanghai's capital market, the Shanghai Stock Exchange will, in accordance with the idea of firm confidence, strengthening supervision, maintaining stability and standardizing development, make efforts in technology, supervision, talents and services It will open a new chapter for the construction of a standardized, transparent, efficient and open exchange full of vitality.

On November 5, 2018, President Xi Jinping announced the establishment of the Shanghai innovation stock exchange and the pilot registration system.

By the end of 2018, there were 1450 listed companies in Shanghai stock market, with a total market value of 27.0 trillion yuan; in 2018, the cumulative turnover of stocks was 40.3 trillion yuan, with a daily average turnover of 165.9 billion yuan, and the total amount of stock market financing was 611.4 billion yuan; there were only 12089 listed companies in the bond market, with a custody volume of 8.4 trillion yuan, with a total turnover of 216.9 trillion yuan; there were 233 fund markets, with a total turnover of 7.2 trillion yuan; and there was a derivatives market A total of 179.8 billion yuan was sold in the whole year. The number of accounts opened by investors in Shanghai Stock Exchange has reached 296.1 million.

On January 23, 2019, the sixth meeting of the Central Committee for comprehensively deepening reform deliberated and approved the overall implementation plan for the establishment of the science and technology innovation board and the pilot registration system in Shanghai Stock Exchange and the implementation opinions on the establishment of the science and technology innovation board and the pilot registration system in Shanghai stock exchange.

advantage

Main board market advantage

Regional advantage

Listing cost advantage

Technical advantages

Innovation advantage

organization structure

The Shanghai Stock Exchange consists of office, personnel department (Organization Department), Party Office (Publicity Department), discipline inspection office, transaction management department, issuance and listing department, listed company supervision department 1, listed company supervision department 2, member department, bond business department, international development department, fund and derivatives department, market supervision department, legal department, investor education department, system operation Department, technology development department and technology planning department Through their reasonable division of labor and coordinated operation, we have achieved effective cooperation with 23 departments, including service department, information center, Beijing Center, finance department, risk control and internal audit department, administrative service center (Security Department), infrastructure working group, and three subordinate organizations, namely Shanghai Stock Exchange Development Research Center, Shanghai Securities Communication Co., Ltd., and Shanghai Stock Exchange Information Network Co., Ltd To play the role of organizer of stock market.

Current leader

Secretary and chairman of the Party committee: Huang Hongyuan

Deputy Secretary of the Party committee and general manager: Jiang Feng

Historical evolution

Officially established

In December 1990, the Shanghai Stock Exchange, authorized by the State Council and approved by the people's Bank of China, was officially established. It is the first stock exchange in the mainland since the founding of the people's Republic of China. Before that, Chinese people only had a little impression of stock trading from Mao Dun's novel midnight and the film adapted from it. On the opening day, 25 securities business institutions from Shanghai, Shandong, Jiangxi, Anhui, Zhejiang, Hainan, Liaoning and other places became members of the exchange, which were divided into professional brokers, professional self dealers, regulatory brokers and self dealers. At the beginning of its operation, the exchange mainly traded bonds, including treasury bonds, corporate bonds and financial bonds, and traded stocks at the same time. Later, it gradually transferred to paying equal attention to bonds and stocks.

Opening Ceremony

On the morning of December 19, 1990, the exchange held its opening ceremony, which was attended by Zhu Rongji, then mayor of Shanghai. Li Xiangrui, chairman of the Shanghai Stock Exchange, authorized Wei Wenyuan, general manager of the stock exchange, to strike the first blow of the formal opening of the market in the trading hall. Half an hour later, 49 transactions, with a face value of 5879008 yuan, were completed at the close of the previous market.

After Deng Xiaoping's tour to the south in 1992, Shanghai's stock prices were all liberalized and guided by the market on May 21 of that year. As a result, the stock prices soared from 21 to 23 and rose by 570% in three days. This day is known as the real birth day of China's stock market. In August, there was a panic buying incident in Shenzhen Stock Exchange.

Security code

According to the rules for the allocation of securities codes of Shanghai Stock Exchange issued on May 28, 2007, the securities codes of Shanghai Stock Exchange adopt six Arabic numerals, and the value range is. The first three digits of the six digit code are securities type identification area, the first digit is securities product identification, the second to third digits are securities business identification, and the last three digits of the six digit code are sequential coding area. The product definitions represented by the first code are: 0 T-bond / index, 1 bond, 2 repo, 3 futures, 4 reserve, 5 fund / warrant, 6a shares, 7 non trading business (issuance and equity distribution), 8 reserve and 9b shares.

two thousand and six

January

On January 4, the new Shanghai composite index was officially launched

15 structural capping of securities Technology Building

February

The revised detailed rules for the implementation of bond trading of Shanghai Stock Exchange was issued on February 6. Significant progress was made in the share reform on February 27, with the market value of share reform companies accounting for more than half of the total market value of Shanghai Stock Exchange

Assist index companies in issuing China securities circulation index in February

Chinese PinYin : Shang Hai Zheng Quan Jiao Yi Suo