Lili Lin

Shanghai Stock Exchange

The Shanghai Stock Exchange (SSE) was founded on Nov. 26th,1990, and commenced operation on Dec.19th of the same year. It is directly governed by the China Securities Regulatory Commission(CSRC). SSE bases its development on the principles of rule of law, regulation, self-discipline, and compliance in order to create a transparent, open, secure and efficient marketplace. SSE endeavors to perform a variety of functions such as 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, and managing and publicizing market information. After 27 years of development, SSE has evolved into an exchange with a sound market structure and four major securities categories:equities, bonds, funds and derivatives. It has put into operation the world's leading exchange system and infrastructure communication facilities that can contribute to the efficient running of the Shanghai securities market. Besides, a self-regulatory framework has been put into place regulating listed companies, SSE members and the securities market. By the end of 2016, SSE altogether had 1182 listed companies with the total market capitalization hitting 28.5 trillion RMB. Its total annual turnover in 2016 stands at 50.2 trillion RMB and the average daily turnover reached 205.6 billion RMB.The total capital raised in the equities market in 2016 was 805.6 billion RMB. The bond market consists of 8077 listed bonds with the outstanding value totaling 6.2 trillion RMB, the annual turnover standing at 224.7 trillion RMB.There are 137 funds with the annual turnover hitting 8.9 trillion RMB. The total value of premium of the derivatives market was 43.19 billion RMB in 2016. The number of registered accounts of investors has reached 224.85 million by the end of 2016.