Shanghai Stock Exchange
From China Stock Market
Shanghai Stock Exchange is one of the two stock exchanges in mainland China. It operates out of the port city of Shanghai and is the larger stock exchange in China than its sister Shenzhen Stock Exchange.
Shanghai Stock Exchange lists many blue-chip Chinese companies. One of its most recent success story is the dual-listing of IPO by Industrial and Commercial Bank of China.
Shanghai Stock Exchange is still relatively new and small in the greater China region in terms of both IPO and daily trading volume. Hong Kong Stock Exchange, for example, is still much bigger partly due to its big advantage in its solid legal and financial system that can handle big initial public offerings.
Related News
In 2006, Hong Kong Stock Exchange has raked in HK$307.7 billion, or $39.57 billion, in IPOs -- nearly twice as much as the HK$165.7 billion raised last year, according to Hong Kong Exchanges and Clearing Ltd., the listed firm that operates the stock exchange.
London was the world leader for IPO equity raised, with $48.92 billion raised, according to the World Federation of Exchanges. Hong Kong was second and the New York Stock Exchange lagged back in third with $33.61 billion, according to the most recent WFE figures, which included the January-November period.
