Friday, January 30, 2009

Shanghai Stock Exchange (SSE)

Shanghai Stock Exchange (SSE)

About the Shanghai Stock Exchange :

The Shanghai Stock Exchange can stake a claim to fame to being both the first and largest stock exchange on mainland China. The exchange has a total of eight hundred and seventy-eight listed companies. The main indices used on the exchange are:

• SSE 50 index

• SSE 180 Index

• SSE Composite Inde

• SHSE- SZSE 300 Index.

The Shanghai Stock Exchange works as a non profit institution administered by the China Securities Regulatory Commission. The exchange lists two different kinds of stocks: A and B shares. The difference between the two stocks is the currency that they are traded in. The A shares is traded in the local Renminbi yuan currency, whereas the B shares are traded in U.S. dollars. Traditionally A shares were only traded within the country, but now both A and B shares may be traded world wide. The majority of the stocks listed on the exchange are A shares. There are eight hundred twenty-four A shares and fifty-four B shares listed on the market

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