This is a history of the short life so far of the Shenzhen Stock Exchange (SZSE), established in China on 1 December 1990 as a self-regulated legal entity under the supervision of China Securities Regulatory Commission (CSRC).
The SZSE supervises securities trading and performs duties prescribed by laws, regulations, rules and policies. Its main functions include providing the venue and facilities for securities trading and formulating operational rules.
Other functions are to receive listing applications and arranging securities listing, organising and supervising securities trading, supervising members; regulating listed companies, managing and disseminating market information.
Committed to development
SZSE says on its website that it is committed to developing China’s multi-tiered capital market system, serving national economic development and transformation and supporting the national strategy of independent innovation.
The SME Board was launched in May 2004. The ChiNext market was inaugurated in October 2009. Thus SZSE has a framework of multi-tiered capital market comprising the Main Board, SME Board, and the ChiNext market.
SZSE’s products cover equities, mutual funds and bonds. The product lines include A-shares, B-shares, indices, mutual funds, fixed income products and diversified derivative financial products.
Increasingly important to PRC economic growth
SZSE says that it plays an increasingly important role in supporting the real economy and transforming the economic growth model of the People's Republic of China.
Since 2000, it has signed a memorandum of understanding with 30 major stock exchanges and financial institutions in the world and enhanced cross-border cooperation and communications.
SZSE is a member of both the World Federation of Exchanges (WFE) and the Asian and Oceanian Stock Exchanges Federation (AOSEF). It is also an affiliate member of the International Organisation of Securities Commissions (IOSCO).
In 2016, Shenzhen Connect with Hong Kong was launched. The Exchange describes this as another step forward in mutual market access, building on the model of Shanghai Connect to allow investors to buy and sell eligible shares listed in the Mainland and Hong Kong markets.
HKEX chairman C K Chow (left) and chief executive Charles Li (right) announce the framework of Shenzhen-Hong Kong Stock Connect
Address: 2012 Shennan Blvd, Futian District, Shenzhen, People's Republic of China, 518038
Chief Executive Officer and President: Wang Jianjun
Best known indices
- SZSE Component Index
- SZSE Component TRN
- SZSE Component B
- SZSE SME
- SZSE 300
- SZSE SME 300
- SZSE 200
- SZSE 700
Opening hours: Monday to Friday.
Opening call auction: 9:15am - 9.25am
Continuous auction: 9:30am - 11.30am
Closing call auction: 2:57pm - 3pm
Market capitalisation: RMB 7,363,784,253,810
Number of companies listed: 477
Biggest companies listed as of May 2017: Hangzhou Hikvision Digital Technology, Midea Group, S F Holding Co, China Vanke Co, Gree Electric Appliances Inc of Zuhai Co.
Five top increases May 2017: Hangzhou Landscape Architecture Design Institute (+519.47%); Hamaton Automotive Technology Co (+365.35%); Shenzhen Fluence Technology (+285.49%); Yantai Zhenghai Bio-Tech Co (+239.68%); Qingdao Weflo Valve Co (+217.09%).