Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE) is the largest stock exchange in mainland China. It is a nonprofit organization run by the China Securities Regulatory Commission (CSRC). Stocks, funds, bonds, and derivatives are all traded on the exchange.To get more shanghai stock news, you can visit shine news official website.
On the Shanghai Stock Exchange (SSE), there are two main classes of stock for every listed company traded on the exchange—A-shares and B-shares.
B-shares are quoted in U.S. dollars and are generally open to foreign investment. A-shares are quoted in yuan and are only available to foreign investment through a qualified program known as QFII.Chinese equities are also traded on the Hong Kong Exchange, which has been trading H-shares in Chinese companies for many years. These equities are also open to foreign investment and are denominated in Hong Kong dollars (HKD).
Most of the total market cap of the SSE is made up of formerly state-run companies like major commercial banks and insurance companies. Many of these companies have only been trading on the exchange since 2001. The SSE ranks fourth in the world in terms of total market cap for equity exchanges, behind only the NYSE, Nasdaq, and Tokyo Stock Exchange.The SSE requires that companies listed on the exchange prepare and disclose periodic reports within the time limit specified in laws, administrative regulations, and various applicable rules.
The annual report should be disclosed within four months from the end of each financial year, the interim report within two months of the end of the first half of each financial year, and the quarterly report within one month from the end of the first three months and the end of the first nine months of the financial year. It is also required that the first-quarter report be disclosed no earlier than the annual report of the previous year.
The company's annual report must be audited by a qualifying CPA firm in the securities- and futures-related business. The SSE generally exempts companies from having to audit their interim and quarterly reports.A strategic approach to investing can help you maximize your retirement income while minimizing your investment taxes. With no commissions and no financial incentives, Vanguard Personal Advisor Services® can develop a goal-driven plan to help you do just that. You’ll also have access to personal service at a low cost. Learn more about how you can access personal financial advice and start the conversation.