Shanghai Stock Exchange
China's biggest stock exchange
.The
Shanghai Stock Exchange is a stock exchange based in Shanghai, China. The Shanghai
Stock Exchange (SSE) was founded on Nov. 26th,1990 and in operation on Dec.19th
1990. It is a non profit making membership institution governed by the China
Securities Regulatory Commission (CSRC). The SSE bases its development on the
principle of "legislation, supervision, self-regulation and standardization"
to create a transparent, open, safe and efficient marketplace. SSE endeavors
to realize a variety of functions: providing marketplace and facilities for
the securities trading; formulating business rules; accepting and arranging
listings; organizing and monitoring securities trading; regulating members and
listed companies; managing and disseminating market information.
The SSE has become the most preeminent stock market in Mainland China 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. December 2004 ended with over 37.87 million
investors and 837 listed companies. Total market capitalization of SSE hit RMB
2.6 trillion. In 2004, Capital raised from SSE market surpassed RMB 45.7 billion.
A large number of companies from key industries, infrastructure and high-tech
sectors have not only raised capital, but also improved operation mechanism
through listing on Shanghai stock market.
Most trading is done online.
Entering the 21st century SSE is faced with great opportunities as well as
challenges to further boost the market construction and regulation.
Chinese language website http://www.sse.com.cn/
English language website http://www.sse.com.cn/sseportal/en_us/ps/home.shtml
The website contains Market Data, Share Listing, SSE Indices, Support, Securities
Law, Measures on QFII, Glossary and information on when the stock exchange opens.
So one can watch ther clock tick tock.
QFII is the 2002 Qualified Foreign Institutional Investor Act and about
investing in China.
Rapidly growing China made an attempt to modernize banking and financial systems
in 2002. The main attempt at this was the passage and implementation of the
QFII Act which were to allowed foreign investors to invest in Chinese securities,
with the thinking foreign investment institutions will spur on better and more
effective functioning. Firms picked as QFIIs Citigroup, HSBC, UBS, Nomura Securities,
Deutsche Bank, Morgan Stanley, Goldman Sachs, JP Morgan as of 12/31/03 starting
April 2003, with investment opportunities beginning in June 2003, can invest
in the range of US$50-800MM.
addrress
Shanghai Stock Exchange
528 South Pudong Road, Shanghai 200120, PR China
Email:
webmaster@secure.sse.com.cn
China today has a domestic market capitalization base of about US$530Bn. Today,
China's leaders try to cope with bank financial assets in an amount of US$2
trillion (200% of GDP) as they look for greater breadth and depth in the diversity
of investment avenues. China's investor base is its greatest asset, leading
to China's 35% + savings/GDP ratio, which consistently ranks among the highest
in the world. Private savings are now in excess of US$1.2 trillion.
Interested financial institution applies to the CSRC (Chinese Securities Regulatory Committee) with the proper documentation
China’s Equity Markets are considered risky due to: Speculative players
– (many doubt the authenticity of the financial statements of listed firms
and rely on rumors.) Too many non-tradeable shares (shares owned by the government
or govt. agencies). A study/survey taken at the end of 2001 showed that only
about 33% of the shares listed on the two exchanges are considered marketable
by the authorities. Rich valuations Not enough disclosure information
China Securities Regulatory Commission - Established in October 92 as
the government regulator of China's stock market. CSRC's functions are: 1. To
establish a centralized supervisory system for securities and futures markets
and assume direct leadership over securities and futures market supervisory
bodies; 2. To strengthen the supervision over securities and futures business,
stock and futures exchange markets, the listed companies, fund management companies
investing in the securities, securities and futures investment consulting firms,
and other intermediaries involved in the securities and futures business. To
raise standard of information disclosure.3.To increase abilities to prevent
and handle financial crisis.4. To organize drafting of laws and regulations
for securities markets. To study and formulate principles, policies and rules
related to securities markets. To formulate development plans and annual plans
for securities markets. To direct, co-ordinate, supervise and examine matters
related to securities in various regions and relevant departments. To direct,
plan and co-ordinate test operations of futures market. 5. To exercise centralized
supervision of securities business.
(pronounced in Britain "Sanghigh" "Sang"' "High")
Shanghai situated on the banks of the Yangtze River Delta in East China, is China's largest city in population. Widely regarded as the citadel of the nation's modern economy, the city also serves as the most important cultural, commercial, financial, industrial and communications centers of China. Administratively, Shanghai is a municipality of the People's Republic of China that has province-level status. Shanghai is also one of the world's busiest ports, and became the largest cargo port in the world in 2005.
Originally a sleepy fishing town, Shanghai became China's key city by the 20th century and was the centre of popular culture, vice, intellectual discourse and political intrigue during the Republican China
Shanghai Automotive Industry Corporation, China's largest carmaker, is on the stock exchange.
In 2003 a Chinese construction tycoon with a company on the Shanghai Stock Exchange emerged as a possible saviour for cash strapped Leeds United Football Club, Chinese newspapers reported. Xu Ming, founder of Shide Group and chairman of China's top football team, is reportedly in talks about investing in Leeds Utd.
In 1998 the head of a Taiwanese delegation holding talks in
China praised the contribution to improving relations being made by Taiwanese
investors in the mainland.
Koo Chen-fu was speaking during a visit to Shanghai's stock exchange, which
he headed before the Communist take-over of China in 1949. Mr Koo, was and 81,
stressed the need for transparent management and the rule of law.
In 2006 UBS's chief Asia economist did a study finding that
"China's state run firms are no more loss-making than their US-listed counterparts"
and
"Chinese firms are not subsidised by China's government or its state owned
banks in any meaningful way".
In germany a soccer website is referring to a soccer discussion
site as a sock exchange.
Foreign names for city
Sanhajo = Esperanto
Šanghaj = Slovenia
Xangai = Portugal
Sjanghai = Dutch
Sjanghæ = Iceland
Sanghay = Turkish
Links on websites on subject
http://www.ise.ie/index.asp The home page of Irish stock exchange
http://www.nasdaq.com/ The homepage of the stock exchange
http://www.cityequities.com/
http://www.moneyweek.com
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