The Shanghai Stock Exchange (SSE)
The Shanghai Stock Exchange (SSE) was founded on 26th Nov 1990 and in operation
on 19th Dec the same year. It is a membership institution directly governed by the
China Securities Regulatory Commission (CSRC). The 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 TSX deals mostly with well-established equities, while the TSX Venture Exchange
is a public venture capital marketplace for emerging companies that have not yet
met the requirements for listing on the TSX.
After several years' operation, 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. As at the end of 2009, SSE boasted 1,351
listed securities and 870 listed companies, with a combined market capitalization
of RMB 18,465.523 billion and a total of 89.6543 million trading accounts. In 2009,
listed companies raised RMB 334.315 billion on SSE through IPO and new share placement.