Shanghai and Shenzhen stock markets refer to stock exchanges mainly engaged in stock trading in Shanghai and Shenzhen. At present, there are only two stock exchange markets in China, namely, Shanghai and Shenzhen. Shenzhen Stock Exchange is a small and medium-sized board and a venture capital board. Shanghai stock market is the leading market in China, ranking first in terms of the number of listed companies, the number of listed stocks, the total market value, the market value of circulation, the total turnover of securities, the turnover of stocks and the turnover of national debt.
Shanghai stock market;
The Shanghai Stock Exchange was established on 1990,165438+126 October, and opened in the same year, 65438+February 19, which is directly managed by the China Securities Regulatory Commission. Shanghai Stock Exchange adheres to the eight-character policy of "legal system, supervision, self-discipline and standardization" and is committed to creating a transparent, open, safe and efficient market environment and effectively protecting the rights and interests of investors. Its main functions include: providing places and facilities for securities trading; To formulate the business rules of the stock exchange; Accepting listing applications and arranging the listing of securities; Organizing and supervising securities trading; Supervise members and listed companies; Manage and publish market information.
The market transaction of Shanghai Stock Exchange adopts electronic bidding. All listed securities must be publicly declared for bidding through the computer mainframe, and the mainframe will automatically match transactions according to the principle of price priority and time priority. At present, the daily processing capacity of the trading mainframe is 29 million consignments and 60 million transactions, and it can complete 16000 transactions per second.
After years of sustained development, Shanghai securities market has become the leading market in China, with the number of listed companies, listed stocks, total market value, circulating market value, total securities turnover, stock turnover and national debt turnover ranking first. A large number of pillar enterprises, backbone enterprises, basic industrial enterprises and high-tech enterprises in the national economy have raised development funds through listing and changed their operating mechanisms.
Shenzhen market;
Shenzhen Stock Exchange, referred to as "Shenzhen Stock Exchange" or "Shenzhen Stock Exchange", was established in 1990 12 1. It is a legal person who provides places and facilities for centralized securities trading, organizes and supervises securities trading and implements self-discipline management. Directly supervised and managed by China Securities Regulatory Commission. Shenzhen Stock Exchange is committed to the construction of multi-level securities market and strives to create an open, fair and just market environment. The main functions include: providing places and facilities for securities trading; To formulate the business rules of this firm; Accepting listing applications and arranging the listing of securities; Organizing and supervising securities trading; Supervise members and listed companies; Manage and publish market information; Other functions permitted by China Securities Regulatory Commission.
As one of the two largest stock exchanges in Chinese mainland, Shenzhen Stock Exchange and China Stock Market grow together. Since 16, Shenzhen Stock Exchange has successfully established a national securities market in a new city with the help of modern technical conditions. During the period of 15, Shenzhen Stock Exchange raised more than 400 billion yuan for the national economy, which played a very important role in establishing a modern enterprise system, promoting economic restructuring, optimizing resource allocation and disseminating market economy knowledge.
With the consent of the State Council and the approval of China Securities Regulatory Commission, since May 2004, Shenzhen Stock Exchange has set up a SME board in the main board market. The establishment of small and medium-sized enterprises is an important step to gradually promote the construction of growth enterprise market. In the second half of 2009, it is planned to launch a venture capital board.