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The Shanghai Stock Exchange (SSE) was founded on 26th Nov 1990 and in operation on 19th Dec the same year. It is a membership institution directly governed by the China Securities Regulatory Commission (CSRC). The SSE endeavors to realize a variety of functions: providing marketplace and facilities for the securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information.
The TSX deals mostly with well-established equities, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies that have not yet met the requirements for listing on the TSX.
After several years' operation, the SSE has become the most preeminent stock market in Mainland China in terms of number of listed companies, number of shares listed, total market value, tradable market value, securities turnover in value, stock turnover in value and the T-bond turnover in value. As at the end of 2009, SSE boasted 1,351 listed securities and 870 listed companies, with a combined market capitalization of RMB 18,465.523 billion and a total of 89.6543 million trading accounts. In 2009, listed companies raised RMB 334.315 billion on SSE through IPO and new share placement.
Jointly developed by the Shanghai Stock Exchange and Shenzhen stock exchange to reflect the overall trend of the Chinese A-Share Market.
The sample of index covers 70% of the market capitalization of the Shanghai and Shenzhen markets.
December 31, 2004 as the base date, day base point is 1000 points, the index code is Shanghai Stock Exchange 000300 and Shenzhen stock exchange 399300.