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SSE made its debut in Shanghai
In Nov.26, 1990, the Shanghai Stock Exchange (SSE) was founded and a month later it started to operate. Shanghai was the first city in China to develop securities business. It is governed by the China Securities Regulatory Commission (CSRC). Similar to other exchanges, its purpose is to provide investors a transparent, safe, open, and efficient marketplace. It also provides a place for corporations to raise capital and improve their operation mechanism. -
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Shanghai Stock Exchange
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SSE launched the first stock index.
The index was introduced on July 15, 1991. SSE’s first stock index is the SSE Composite Index. This market index tracks all listed stocks (both A shares and B shares) at Shanghai Stock Exchange. 872 stocks are included. It reflects the price movements of companies from a wide range of industries. It is considered as an indicator of the overall health of the Chinese economy. This index is an authoritative statistical index which is widely followed in China. -
China's first B share company, Shanghai Vacuum Electron Devices, got listed on SSE.
In China, B share refers to those stocks that are traded in foreign currencies. Its official name is Domestically Listed Foreign Investment Shares. An interesting history of B share is that before February 2001, B shares were only limited to foreign investors. China Securities Regulatory Commission (CSRC) started to permit the exchange of B shares to domestic citizens through the secondary market after February 2001. In Shanghai, B shares are traded in US dollar. -
Share prices were fully deregulated for free competitive bidding.
On May 21, 1992, the SSE decided to fully deregulate the stock prices for free competitive bidding. The stock prices were then solely driven by the market which caused the stock prices to increase by about 570% in only three days. This day is considered to be one of the most important days of the Chinese stock market. -
Harbin Shirble became the first company to launch its A-share IPO by competitive bidding through the trading system of a stock exchange.
In China, A share refers to those stocks that are traded in Renminbi, which is the currency in mainland China. An important fact about A share is that foreigners are not eligible to purchase A shares due to the restrictions set by the Chinese government. -
Stamp duties on both A share and B share trading were reduced to 0.2%.
Stamp duty is a tax levied on legal binding documents that are related to economic activities including the transfer of stock. The reduce in stamp duties on both A share and B share trading would definitely encourage investors to trade stocks on the Shanghai Stock Exchange. -
SSE launched its new website
A stock market exchange website can be very helpful to potential investors who have the intention of trading stocks on the Shanghai Stock Exchange. On the homepage of the website, four main market indices of SSE are listed and graphs are shown on the left. The website is consisted of seven sections and they are Home, About SSE, Listing on SSE, Listed Companies, Trading and Membership, Market Information, For International Investors. From the website, all the information about the SSE can be obt -
Equity transactions at SSE set new records, with RMB 271.2 billion worth of shares traded, 25.70 million transactions executed, 19.72 million valid orders placed, and 20.6 billion shares changing hands.
In 2007, the Chinese market was developing rapidly and the trading volume on the SSE reached a new high point. Since the SSE is an indicator of the overall health of the Chinese economy, it indicates that in 2007 the general trend of the Chinese economy was expanding. -
SSE Composite Index hit its all-time high of 6124.04 points.
The current SSE Composite Index is around 2000 points. By comparing the current point with the highest point, it can be concluded that in 2007, there was a bull market where investors are extremely optimistic and the prices of stock listed on the SSE climbed to a new high point. -
SSE 180 FInancial Index was launched.
SSE 180 index is classified into different sectors and SSE 180 Financial Index is one of the SSE 180 Sector Indices. It offers investors a more specific analysis tool. The listed companies on the SSE 180 index are classified into energy, materials, industrials, consumer discretionary, consumer staples, health care, financials, information technology, telecommunication services and utilities. -
5 day graph of SSE Composite Index
During these five days, the SSE Composite Index fluctuates between 2020 and 2070. -
one year graph of SSE Composite Index
The SSE Composite Index dropped significantly in July, 2013. Overall, the index decreased by about 8.88% in one year. -
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