The Shanghai Stock Exchange (SSE) is one of two stock exchanges in mainland China, the other being the Shenzhen Stock Exchange. It was founded in 1990 and is based in Shanghai, China's financial hub. The SSE is a non-profit organization and operates under the direction of the China Securities Regulatory Commission.
The SSE has a market capitalization of over $6 trillion USD, making it one of the largest stock exchanges in the world. The exchange lists a variety of securities, including stocks, bonds, funds, and derivatives. The SSE Composite Index is the benchmark index for the exchange, and it tracks the performance of all stocks traded on the exchange.
The SSE has gone through several reforms since its inception, including the introduction of electronic trading in 1998 and the establishment of the ChiNext board in 2009 to encourage innovative startups and high-growth companies to go public. Despite its growth and success, the SSE remains subject to government regulations, including restrictions on foreign investment and limitations on the amount of stock that any individual or institution can hold.
Here are some well-known stocks listed on the Shanghai Stock Exchange:
China Petroleum & Chemical Corporation (Sinopec)
Industrial and Commercial Bank of China (ICBC)
Bank of Communications
PetroChina Company Limited
China Pacific Insurance Group
China Life Insurance Company Limited
Ping An Insurance Group Company of China
China Mobile Limited
China National Building Material Company Limited
Shanghai Pudong Development Bank