Saturday, September 12, 2009

Shanghai Stock Exchange

The Shanghai Stock Exchange (SSE) (simplified Chinese: 上海证券交易所; traditional Chinese: 上海證券交易所; pinyin: Shànghǎi Zhèngquàn Jiāoyìsuǒ) is a Chinese stock exchange or bourse that is based in the city of Shanghai. It is one of the three stock exchanges operating independently in the People's Republic of China, the other two are the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors[1] due to tight capital account controls exercised by the Chinese mainland authorities.[2]
At the end of 2007, the Shanghai Stock Exchange had 860 listed companies with a combined market capitalization of US$3.95 trillion[3], making it the largest in China and second largest in the world.[4] The current exchange was re-established on November 26, 1990 and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC).

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