SHANG HAI Stock Exchange
... Brief description There are three stock exchange markets in Mainland China: Hong Kong Stock Exchange (HKEX), Shanghai Stock Exchange (SHSE), and Shenzhen Stock Exchange (SZSE), founded in 1947, Nov. ... After thirteen years of operation, the SHSE has become the preeminent stock market in China in terms of number of listed companies, numbers of shares listed and total market value. ... 1 Trade type Until December 2003£¬there are 907 listed securities which can be divided into stock£¨A-share¡¢B-share£©¡¢fund¡¢treasury bonds£¨cash and buyback£©and corporate bonds in SSE, specific, 2. ... 1 Stock: A-shares are common stocks issued by mainland Chinese companies, subscribed and traded in Chinese RMB, listed in mainland Chinese stock exchanges, bought and sold by Chinese nationals. ... B-shares are issued by mainland Chinese companies, traded in foreign currencies and listed in mainland Chinese stock exchanges. ... To this day, No of listed companies 776 No of listed stock 820 Total issued capital (Mil. ... Shs) 115200 Total stock market capitalization (RMB Mil.) 2856200 Total stock negotiable market capitalization (RMB Mil. ... 3 Settlement Shanghai Depository and Clearing Corporation are responsible for the clearing and settlement of all the securities traded on the Exchange. ... 4 Exchange Members Comprehensive securities firms: • registered capital of 500 million Yuan (US$ 60 million) or above • engagement in broking, underwriting and own-account trading; Broking firms: • registered capital of 50 million Yuan or above • Engagement in broking only. ... Companies that have obtained the business license from the CSRC can apply for the membership of the Exchange and are allowed to access the market with approval. The exchange members need trading seats (600,000 Yuan each) to gain material access. ... 1 SSE Stock index series (includes 4 kinds 11 indexes): SSE index list Deadline£º2003-12-05 Index name Benchmark date Benchmark point Component stock number Total component stock number(billion) Sample index type SSE 180 2002-07-01 3299. ... Sampling method: According to total market value¡¢circulating value¡¢bargain amount and exchange rate to rank stock£»According to all industries circulating proportion to allocate sampling number£»According to inter-trade sampling to allocate index numbers£¬choose the stocks which ranked on the front£»Adjust the samples and make them 180. ... 1 SSE 180 indexes: SSE ingredient indexes is weighting calculated where weight number is adjusted amount of capital stock of ingredient stock, the formula is : report period indexes = (adjusted market value of ingredient stock in report period/adjusted market value of ingredient stock at base day)*1000 where, adjusted market value=¡Æ(market value*adjusted stock amount) adjusted stock amount use grade approach, see figure: Negotiable ratio(%) ¡Ü10 (10£¬20] (20£¬30] (30£¬40] (40£¬50] (50£¬60] (60£¬70] (70£¬80] >80 Weighting Ratio (%) Negotiable ratio 20 30 40 50 60 70 80 100 2.