Shanghai Stock Exchange (SSE), established on November 26, 1990, started operating on December 19, 1990, headquartered in Pudong District, Shanghai City, China.
SSE plays an important role in China's capital market and is a major financial center in Asia as well as globally, the 3rd largest stock exchange in the world after the New York Stock Exchange and Nasdaq of the US with a market capitalization value of 7.17 trillion USD as of December 2024 with more than 2,200 listed companies.
SSE is affiliated with and regulated by the China Securities Regulatory Commission (CSRC), and is China's largest and most influential stock exchange (second only to the Shenzhen Stock Exchange); SSE consists of departments and divisions in charge of issuance, listing supervision, clearing and settlement, trading technology, product development, communications and investor education.
SSE not only connects China's vast capital market but also gradually integrates into the global financial system; in recent years, SSE has promoted internationalization through cooperation with foreign exchanges and implemented connection mechanisms such as the "Shanghai-Hong Kong Stock Connect" and "Shanghai-London Stock Connect".
In addition, SSE also cooperates with major exchanges in Hong Kong, Tokyo, London, Frankfurt to attract cross-border investment and listing; attracting global investors to participate in the Chinese capital market.
SSE aims to become an international stock exchange with global influence, promote high-quality development of the capital market, and support real economic transformation and innovation, digital transformation and high-tech development, supporting China's "Made in China 2025" strategy.
Some of the main functions of SSE include: Stock trading, mainly providing A and B shares trading (A shares are priced in RMB, for domestic investors and qualified foreign institutions; B shares are priced in USD, for foreign investors); Bond trading, providing trading services for various types of bonds such as government bonds, corporate bonds and financial bonds; Fund trading, supporting the trading of fund products such as ETFs (Exchange Traded Funds) and LOFs (Listed Open-End Funds); Derivatives trading, including financial derivatives products such as stock index futures and bond futures; STAR (Science and Technology) Market, launched on July 22, 2019, focusing on supporting innovative technology enterprises, adopting a registration issuance mechanism, which is an important breakthrough in China's capital market reform; Real estate investment trust (REITs), opened in 2020, is a channel for investing in real estate and infrastructure.
Some important indexes of SSE include: SSE Composite Index (Shanghai Composite Index), reflecting the general market performance and developments of stocks listed on SSE; SSE 50 Index, including 50 stocks with the largest scale and highest liquidity on SSE, representing blue-chip stocks; STAR 50 Index, reflecting the performance of 50 most typical listed technology companies on the STAR market.
Besides, there are also SSE 180 and SSE 380 indexes (reflecting market performance of 180 and 380 largest stocks on SSE)...
Speaking highly of the development of the Shanghai Stock Exchange, Prime Minister Pham Minh Chinh said that this visit aimed to learn from the Exchange about its organization, operation, capital mobilization, etc., especially research on thinking, methodology and approach to solving issues related to securities.
The Prime Minister hopes that the Shanghai Stock Exchange will help develop Vietnam's young and newly developed stock market. Vietnam is striving to upgrade from a frontier market to an emerging market this year, so it hopes to receive help and share experience in expertise, methods, and infrastructure development.
The Prime Minister asked the leaders of the Shanghai Stock Exchange to answer the question of what mechanisms and policies are in place to develop the stock market and mobilize capital for the economy? What needs to be done to become an emerging market? The relationship between the stock market and the Shanghai International Financial Center.
The leaders of the Shanghai Stock Exchange answered many issues that the Prime Minister was concerned about, stating that there should be two important viewpoints: the financial market and the capital market need to serve the real economy and serve the country's development strategy. Taking the protection of the interests of small and medium-sized investors as the focus of the focus because the characteristics of the Chinese stock market are that small and medium-sized investors account for a large proportion. It is necessary to strengthen the leadership of the Communist Party over the capital and financial markets. Continuously deepen the reform and opening up of the stock market, especially market-oriented reforms.
On this occasion, Prime Minister Pham Minh Chinh also learned about the model of the Shanghai National Financial Center; at the same time, he expressed his wish that the Shanghai Stock Exchange would strengthen cooperation and share experiences with the Hanoi and Ho Chi Minh City Stock Exchanges, especially in enhancing human resource training.
Source: https://baosonla.vn/kinh-te/thu-tuong-pham-minh-chinh-tham-so-giao-dich-chung-khoan-thuong-hai-K8JwvUPHR.html
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