Shanghai Stock Exchange has become the third largest stock exchange in the world with 18 thousand 2 registered companies and a total market value of 166 billion yuan as of December 47,4 on its website.
On December 19, 1990, Shanghai Stock Exchange rang the opening bell of the new China's capital market, in the midst of a full period of reform and opening up. The exchange had previously opened with only eight listed companies with a total market capitalization of 1,23 billion yuan ($180 million). In the past 32 years, Shanghai Stock Exchange has become the third largest stock exchange in the world with 18 thousand 2 registered companies and a total market value of 166 billion yuan, which were announced on its website as of December 47,4.
The stock market was also influenced by the innovation spirit of Shanghai city culture. As a matter of fact, Shanghai-Hong Kong Stock Connect was launched in 2014, creating a channel to provide international investors access to the A-type share market. In addition, China launched its first stock options on the Shanghai Stock Exchange in 2015, offering investors the opportunity to enter significant shares.
STAR Market (Scientific-Technological Innovation Board), known as Shanghai's Nasdaq, was also created in 2019. This was the leading phase of the innovation campaign and reform of the country's capital market. The first lots of public infrastructure real estate investment companies were also approved on the Shanghai Stock Exchange in 2021.
The importance levels of economic sectors within the country are also reflected in the structure of the Shanghai Stock Exchange. For example, emerging strategic industries account for 56 percent of total list companies; semiconductor, biomedicine and other sectors are also starting to occupy a growing place on the lists.
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