The Shanghai Stock Exchange (SSE) was founded on Nov. 26th, 1990, and commenced operation on Dec.19th of the same year. It is a non-profit organization directly governed by the China Securities Regulatory Commission (CSRC).
Shanghai Stock Exchange (SSE) - Function
SSE bases its development on the principles of legitimacy, regulation, self-discipline, and compliance in order to create a transparent, open, reliable and efficient marketplace. SSE endeavors to perform a variety of functions such as 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, and managing and disseminating market information.
Shanghai Stock Exchange (SSE) – Structure
The departments and offices of the SSE include Executive Office, Human Resources Department (CPC Organizational Department), CPC Development Office (CPC Publicity Department), Disciplinary Inspection Office, Trading Management Department, Offering and Listing Center, Listed Company Supervision Department I, Listed Company Supervision Department II, Enforcement Department, Membership Department, Bond Market Center, Global Business Development Department, Product Innovation Center, Market Surveillance Department I, Market Surveillance Department II, Legal Affairs Department, Investor Education Department (Corporate Training Department), Chief Engineer’s Office, Information Management Department, Beijing Center, Finance Department, Risk Control and Internal Audit Department, Capital Market Institute, Hong Kong Representative Office, FTZ Trading Platform Preparation Team, SSE New Building Construction Project Team, and Huaqiao Base Team. The SSE is also the holding company of the SSE Technology Co., Ltd., the SSE InfoNet Co., Ltd., and the SSE Financial Administration Service Co., Ltd. Through proper work allocation and coordination, the SSE effectively plays the role of securities market organizer and regulator. In addition, the SSE also expands its service area through holding shares of 21 companies and institutions.
Shanghai Stock Exchange (SSE) – Development
After 26 years of development, SSE has evolved into an exchange with a sound market structure coveringfour major securities categories: equities, bonds, funds and derivatives. It has put into operation the world’s leading exchange system and infrastructure communication facilities that can contribute to the efficient running of the Shanghai securities market. Besides, a self-regulatory framework has been put into place regulating listed companies, SSE members and the securities market to ensure an orderly market. The scale and investor base never stopped expanding. By the end of 2015, SSE altogether had 1081 listed companies with the total market capitalization hitting 29.52 trillion RMB. Its total annual turnover in 2015 stands at 133.10 trillion RMB and the average daily turnover reached 545.59 billion RMB. The total capital raised in the equities market in 2015 was a staggering 871.30 billion RMB. The bond market consists of 4538 listed bonds with the outstanding value totaling 3.44 trillion RMB, and the annual turnover standing at 122.85 trillion RMB. 135 funds have been listed in the fund market with the annual turnover hitting 10.38 trillion RMB. The total value of premium was 23.67 billion RMB for SSE 50 ETF option. The registered account of investors has reached 135.86 million by the end of 2015.
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