The most trusted source for financial date-related information available. In 1891 during the boom in mining shares, foreign businessmen founded the "Shanghai Sharebrokers' Association" headquartered in Shanghai as China's first stock exchange. The shares must have been publicly issued following approval of the State Council Securities Management Department. The MIC code for the Shanghai Stock Exchange is XSHG (operating MIC XSHG). Shipping, insurance, and docks persisted to 1940 but were overshadowed by industrial shares after the Treaty of Shimonoseki of 1895, which permitted Japan, and by extension other nations which had treaties with China, to establish factories in Shanghai and other treaty ports. During the 1980s, China’s securities market evolved in tandem with the country's economic reform and opening up and the development of socialist market economy. [5], In 2019, the Shanghai Stock Exchange launched the STAR Market, featuring only technology-related companies, as a rival to the NASDAQ. To contact the Shanghai Stock Exchange, you can use the information below: Check out the Shanghai Stock Exchange Bell Countdown see when the stock market opens next. Currently, a total of 98 foreign institutional investors have been approved to buy and sell A shares under the QFII program. The company’s total share capital must not be less than RMB 30 million. The Shanghai Stock Exchange trades shares in Chinese Yuan Renminbis. SSE T-bond market is the most active of its kind in China. Market cap: $4.9 trillion 1941 - The market closed on Friday, 5 December. The Base Day for the SSE Composite Index is December 19, 1990. The SSE is housed at the Shanghai Securities Exchange Building since 1997. 1990 - The present Shanghai Stock Exchange re-opened on November 26 and began operation on December 19. The current exchange was re-established on November 26, 1990, and was in operation on December 19 of the same year. Data shown here is from March 2020 and is updated yearly. The index was launched on July 15, 1991. Shanghai Stock Exchange as a Market Capitalization of $6.33 Trillion. The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China.It is one of the two stock exchanges operating independently in mainland China, the other being the Shenzhen Stock Exchange.The Shanghai Stock Exchange is the world's 4th largest stock market by market capitalization at US$4.0 trillion as of November 2018. You can browse all markets by country if needed. Date established: November 26, 1990. Unlike the Hong Kong Stock Exchange… The market for securities trading in Shanghai begins in the late 1860s. This timezone is currently +08:00. † Market Capitalization and Gross Domestic Product are both converted into U.S. The SSE is located in Shanghai… Signup for our daily newsletter and receive end-of-day market updates. The Base Period is the total market capitalization of all stocks of that day. The number of shareholders with holdings of values reaching in excess of RMB 1,000 must not be less than 1,000 persons. The operation of Shanghai Stock Exchange came to an abrupt halt after Japanese troops occupied the Shanghai International Settlement on December 8, 1941. Shanghai Stock Exchange as a Market Capitalization of $6.33 Trillion. Constituents for the SSE Composite Index are all listed stocks (A shares and B shares) at the Shanghai Stock Exchange. However, China considered opening up their capital markets to foreign firms in 2010. After the Cultural Revolution ended and Deng Xiaoping rose to power, China was re-opened to the outside world in 1978. Japanese troops occupied Shanghai. 1904 - Renamed to "Shanghai Stock Exchange". This requirement also applies to former state-owned enterprises reincorporating as private or public enterprises. 1930s - The market was dominated by the rubber share price movements. At the end of 2006, the index reaches 2,675.47. [19][20] There has been a plan to eventually merge the two types of shares in the future. 1981 - Trading in treasury bonds was resumed. Dollars. Rubber plantations became the staple of stock trading beginning in the second decade of the 20th century. 1866 - The first share list appeared in June. By the 1930s, Shanghai had emerged as the financial center of the Far East, where both Chinese and foreign investors could trade stocks, debentures, government bonds, and futures. A ban on new, 2006 - The SSE resumed full operation as the yearlong ban on IPOs was lifted in May. There are two types of stocks being issued in the Shanghai Stock Exchange: "A" shares and "B" shares. This is followed by the afternoon consecutive bidding session, which starts from 13:00 to 15:00. According to the regulations of Securities Law of the People’s Republic of China and Company Law of the People’s Republic of China, limited companies applying for the listing of shares must meet the following criteria: Other conditions stipulated by the State Council. 1911 - Revolution and the abdication of the, 1914 - Market closed for a few months due to the. By market cap, Shanghai Stock Exchange is ranked 5 out of the 144 stock markets we track. 1891 - "Shanghai Sharebrokers Association" established. 1984 - Company stocks and corporate bonds emerged in Shanghai and a few other cities. 1890 - Bank crisis started from Hong Kong. Stock analysis for SAIC Motor Corp Ltd (600104:Shanghai) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In most cases, you will want contact your broker instead of contacting the Shanghai Stock Exchange directly. [2] Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government,[3] due to capital account controls exercised by the Chinese mainland authorities.[4]. 27 Oct Fully Leverage the Role of Exchange Platform for International Investors and Promote High-Level Two-Way Opening-Up of Capital Markets - Shanghai Stock Exchange Global Investors Conference 2020 Inaugurates Today; 16 Oct Q&A on Guidelines of Shanghai Stock Exchange No. 1895 - Treaty of Shimonoseki opened Chinese market to foreign investors. 2001-2005 - A four-year market slump which saw Shanghai’s market value halved, after reaching a peak in 2001. It is one of the two stock exchanges operating independently in mainland China, the other being the Shenzhen Stock Exchange. [21], The SSE is open for trading every Monday to Friday. [6][7][8][9], The securities listed at the SSE include the three main categories of stocks, bonds, and funds. Below is a break down of key Shanghai Stock Exchange figures. Most general information about the Shanghai Stock Exchange can be found on the web at english.sse.com.cn. The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. Updated on Aug 27 2020. Its total market capitalization was $4.1 trillion in 2016. The world’s second largest (US$21.9 billion) IPO by the, 2007-2008 - 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. Initially, trading in A shares are restricted to domestic investors only while B shares are available to both domestic (since 2001) and foreign investors. The Shanghai Stock Exchange is the world's 4th largest stock market by market capitalization at US$4.0 trillion as of November 2018[update]. Index performance for Shanghai Stock Exchange Composite Index (SHCOMP) including value, chart, profile & other market data. and re-opens at Sent daily at 4pm Eastern time after markets close. Stock analysis for SAIC Motor Corp Ltd (600104:Shanghai) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In 1904 the Association applied for registration in Hong Kong under the provision of the Companies ordinance and was renamed as the "Shanghai Stock Exchange". China currently has a preference for domestic firms only to list onto their stock exchanges; India has similar rules. The company must not have committed any major illegal activities or false accounting records in the last three years. Get Shanghai (.SSEC:Shanghai Stock Exchange) real-time stock quotes, news and financial information from CNBC. By market cap, Shanghai Stock Exchange is ranked 5 out of the 144 stock markets we track. An Overview of China's Equity Markets", China's ICBC: The World's Largest IPO Ever, "AgBank IPO officially the world's biggest", "Legg Mason Seeks China License to Trade Yuan-Denominated Stocks", "Qualified Foreign Institutional Investor - QFII", Market Hours, Shanghai Stock Exchange via Wikinvest, Historical market capitalizations for the largest SSE-listed companies, Largest stock exchanges by market capitalization, Indonesia Commodity and Derivatives Exchange, Grasping the large, letting go of the small, China Banknote Printing and Minting Corporation, National Development and Reform Commission, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission, State Administration for Industry and Commerce, China Council for the Promotion of International Trade, All-China Federation of Industry and Commerce, Guangdong-Hong Kong-Macau Greater Bay Area, Mainland and Hong Kong Closer Economic Partnership Arrangement, Mainland and Macau Closer Economic Partnership Arrangement, Regional Comprehensive Economic Partnership, https://en.wikipedia.org/w/index.php?title=Shanghai_Stock_Exchange&oldid=983796183, Financial services companies established in 1866, Financial services companies established in 1990, CS1 maint: DOI inactive as of September 2020, Short description is different from Wikidata, Articles containing Chinese-language text, Articles containing potentially dated statements from November 2018, All articles containing potentially dated statements, Wikipedia articles in need of updating from April 2018, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License.