SSE

SSE - Shanghai Stock Exchange (SSE)

About the Shanghai Stock Exchange :

The Shanghai Stock Exchange can stake a claim to fame to being both the first and largest stock exchange on mainland China. The exchange has a total of eight hundred and seventy-eight listed companies. The main indices used on the exchange are:

• SSE 50 index

• SSE 180 Index

• SSE Composite Inde

• SHSE- SZSE 300 Index.

The Shanghai Stock Exchange works as a non profit institution administered by the China Securities Regulatory Commission. The exchange lists two different kinds of stocks: A and B shares. The difference between the two stocks is the currency that they are traded in. The A shares is traded in the local Renminbi yuan currency, whereas the B shares are traded in U.S. dollars. Traditionally A shares were only traded within the country, but now both A and B shares may be traded world wide. The majority of the stocks listed on the exchange are A shares. There are eight hundred twenty-four A shares and fifty-four B shares listed on the market.

SSE - History of the Shanghai Stock Exchange :

Even though the Shanghai Stock Exchange is the first exchange in mainland China, it is only fifteen years old having been re-established in 1990. There was the 'old' Shanghai Stock Market that was established in 1904; however this was closed as a result of the communist takeover in 1949.