What is the stock exchange in Shanghai?
Stock Stock Exchange in Shanghai Stock Exchange, one of the two that works independently in mainland China. The second is Shenzen Stock Exchange. On the Shanghai Stock Exchange, domestic shares with close restrictions on foreign companies are dominated. Since December 2010, this was the fifth largest exchange in the world based on market capitalization, which is the total value of all shares in all companies listed on the stock exchange.
Although China has lists of stock prices as early as 1866, Shanghai's roots in 1891 have Shanghai Sharebrocers Associations. The Association was later renamed the stock exchange in Shanghai in 1904 and in the early 20th years of the 20th century. It took over two more exchanges based on Shanghai. The exchange was closed between 1941 and 1946 during the Japanese occupation and from 1949 to 1990 as a result of economically controlled periods of the communist rule.
There are two different classes on the Shanghai Stock exchange. Class A shares are prices in Chinese currency Renminibi Yuan. Class B shares arePrices in US dollars (USD). Originally, foreign investors could only trade with class B shares. Since 2002, foreign investors can also invest in class A shares, although this approval has only been granted to a limited number of investors, to all institutions rather than individuals.
The exchange is supervised by the Chinese Regulatory Commission for Securities. This is a particularly strong regulator; The Supreme Court in China is now rejecting the decision on the Security Law to the Commission. The Commission was founded in 1992 and in 1998 it received legal authority to regulate all securities trading in the country.
By the end of 2009, the Shanghai market capitalization exchange was 18,465 billion Renmibi Yuan, which corresponds to $ 2.8 trillion USD. By comparison, the market capitalization of the New York stock exchange in December 2010 was $ 13.39 trillion.
As with most exchanges there are specific requirementsthat must be fulfilled if the company is to state the stock exchange in Shanghai. The company must operate for more than three years. In the last three years, it had to be profitable every year, nor did it deal with an illegal activity that was not presented by counterfeit accounts. There is also a minimum share capital of 30 million Renminbi Yuan, which corresponds to approximately $ 4.6 million.