About Shenzhen’s Stock Exchange
The Shenzhen Stock Exchange (SSE) was established in 1990 and is under the authorities of the CSRC (China Securities Regulatory Commission).
Shenzhen is located north of Hong Kong in south China’s Guangdong Province. The population is around 10 mio. people. Together with Zhuhai and Shantou, Shenzhen became the first city in the “Special Economic Zone” of the People’s Republic of China in November 1988. At that time Shenzhen was no more than farm land and a forest area. Foreign countries and the Chinese government invested billions of USD in the development of the land and business infrastructure of this region after China opened the doors to the Western world. Foreigners especially invested in factories and the government in the infrastructure of the cities. Today Shenzhen is one of the most developed and fastest growing cities not only in China, but in the world. From start and till nowadays many Chinese people from rural areas are coming from the mainland to search for jobs and fortune and women are searching for a rich husband from Hong Kong. The average age of the population is below 30 years and on each man one can count 2 women in the town. Shenzhen is China’s leading electronic, technology and fine jewelry manufacturing city in China.
Mainland China has two stock exchanges. The biggest one is in Shanghai and the second in Shenzhen. The stock markets in Hong Kong and Taiwan (Chinese Taipei) belong to Greater China.
The Chinese Nasdaq
From 2000-2004 there were no IPO listings in Shenzhen. The number of tradable stocks decreased from 557 in 2000 to 548 to the end of 2003. In 2004 Shenzhen started again to list IPO’s. Until July 2008 the number of stocks increased by nearly 50% to 769. The decreased number of stocks was the result of first changes in the rules and regulations of Chinese stock markets. From start the SSE specialized in fast growing technology and private companies. The role model for this change was the Nasdaq in USA. The SSE is calling this niche SME, Small and Medium Enterprises Board. The background for this decision is, that Shenzhen is Chinas leading technology and high-tech city. Electronics, technology and fine jewelry are the two main business industries in Shenzhen. The city also has the world’s largest electronic market, which is called Hua Qiang Bei.
Contact details:
Shenzhen Stock Exchange
Address: 5045 Shennan East Road, Shenzhen, China 518010
E-mail: cis@szse.cn
Web: www.szse.cn
Tel: 86-755-25918545
Fax: 86-755-82083947
Filed under: Shenzhen Stock Exchange by CSMR
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