Shenzhen Stock Exchange

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Major listing requirements

The listing requirements for the Shenzhen Stock Exchange (SZSE) are established by the China Securities Regulatory Commission and are designed to ensure the quality of companies listed on the exchange. The major listing requirements for the SZSE include:

  1. Minimum size requirements: Companies seeking to list on the SZSE must have a certain level of size, as measured by net assets or revenue. [20]
  2. Financial performance: Companies must demonstrate a strong financial performance, with a track record of profitability and positive cash flow. Specifically, one of the following requirements must be met: 1.The estimated market value is not less than 1 billion yuan, the net profit in the most recent year is positive, and the operating income is not less than 100 million yuan; 2. The estimated market value is not less than 5 billion yuan, and the operating income in the most recent year is not less than 300 million yuan. [21]
  3. Corporate governance: Companies must demonstrate a commitment to good corporate governance, with a clear and transparent management structure. Specifically, the issuer's basic accounting practice is proper and its preparation and disclosure of the financial statements is in compliance with the Accounting Standards for Business Enterprises and relevant information disclosure rules, and fairly reflects in all material respects its financial position, the results of operations and cash flows, and its financial report has been issued an unqualified opinion by a CPA in the last three years.
  4. Disclosure and transparency: Companies must provide full and timely disclosure of financial and other information, and must comply with all regulatory reporting requirements.

Building

The Shenzhen Stock Exchange building is a skyscraper with a height of 245.8 metres (806 ft) and 49 floors. Its construction started in 2008 and was finished in 2013. The building was designed by Rem Koolhaas's firm, the Office for Metropolitan Architecture. [22] The building is located at 2012 Shennan Blvd., Futian District. [4] With an area of 200,000 square metres, five high speed elevators and a futuristic design, the partners involved in the design and construction of this sky scraper included Rem Koolhaas, David Gianotten, Ellen van Loon and Shohei Shigematsu [23] [24] and construction by The Second Construction Co., Ltd of China Construction Third Engineering Bureau, a subsidiary of China State Construction Engineering Corporation.

See also

Lists

References

  1. ↑ Chen, Jianxun; Shi, Huici (1 January 2002). The Evolution of the Stock Market in China's Transitional Economy. Edward Elgar Publishing. ISBN   9781782542605 . Retrieved 27 January 2017– via Google Books.
  2. 1 2 3 "Shenzhen Stock Exchange / Trading / Overview". Shenzhen Stock Exchange. Archived from the original on 16 September 2024. Retrieved 3 October 2024.
  3. ↑ "China | Shenzhen Stock Exchange: Market Capitalization: Daily | CEIC". www.ceicdata.com. Retrieved 16 September 2024.
  4. 1 2 "Shenzhen Stock Exchange – Contact Us". Shenzhen Stock Exchange. Retrieved 3 October 2024.
  5. ↑ "The largest stock exchanges in the world". capital.com. 9 July 2024. Retrieved 16 December 2024.
  6. ↑ "Shenzhen Stock Exchange / About / Overview". Shenzhen Stock Exchange. Retrieved 3 May 2020.
  7. 1 2 3 Chatwin, Jonathan (2024). The Southern Tour: Deng Xiaoping and the Fight for China's Future. Bloomsbury Academic. ISBN   9781350435711.
  8. ↑ Walter, Carl E. (2014). "Was Deng Xiaoping Right? An Overview of China's Equity Markets". Journal of Applied Corporate Finance. 26 (3): 8–19. doi:10.1111/jacf.12075. hdl: 10.1111/jacf.12075 . ISSN   1745-6622. S2CID   153763863.
  9. ↑ "邓小平南巡讲话：奠定中国证券市场发展的春天_中国改革论坛网". www.chinareform.org.cn. Archived from the original on 23 June 2020. Retrieved 2 May 2020.
  10. 1 2 Heilmann, Sebastian (2018). Red Swan: How Unorthodox Policy-Making Facilitated China's Rise. The Chinese University of Hong Kong Press. doi:10.2307/j.ctv2n7q6b. ISBN   978-962-996-827-4. JSTOR   j.ctv2n7q6b.
  11. ↑ "国务院办公厅关于将上海证券交易所和深圳证券交易所划归中国证监会直接管理的通知". www.gov.cn (in Chinese). Retrieved 3 May 2020.
  12. ↑ "CHINA SECURITIES REGULATORY COMMISSION - Shenzhen Branch". www.csrc.gov.cn. Retrieved 3 May 2020.
  13. 1 2 Lan, Xiaohuan (2024). How China Works: An Introduction to China's State-led Economic Development. Translated by Topp, Gary. Palgrave Macmillan. doi:10.1007/978-981-97-0080-6. ISBN   978-981-97-0079-0.
  14. ↑ "深圳证券交易所" . Retrieved 27 January 2017.
  15. ↑ "Shenzhen Stock Exchange (SZSE) ChiNext Market Overview". Hong Kong Exchanges and Clearing . Retrieved 3 October 2024.
  16. ↑ "Shenzhen Stock Exchange". Shenzhen Stock Exchange. Archived from the original on 13 September 2012. Retrieved 27 January 2017.
  17. ↑ "什么是创业板市场_cctv.com提供". news.cctv.com. Retrieved 15 February 2023.
  18. ↑ Nicholson, Chris V. (30 October 2009). "China Opens Nasdaq-Like Exchange in Shenzhen". DealBook. Retrieved 23 February 2023.
  19. ↑ Shenzhen Stock Exchange Market Overview
  20. ↑ "深交所发行上市条件". www.szse.cn (in Chinese). Archived from the original on 29 March 2023. Retrieved 23 June 2023.
  21. ↑ 深圳证券交易所股票发行与承销业务指南 Archived 2023-02-13 at the Wayback Machine
  22. ↑ "Shenzhen Stock Exchange". The Skyscraper Center. Council on Tall Buildings and Urban Habitat . Retrieved 21 November 2014.
  23. ↑ "Shenzhen Stock Exchange Project". oma.eu/projects/shenzhen-stock-exchange. OMA EU Projects. Retrieved 3 March 2016.
  24. ↑ "Shenzhen stock exchange building". www.nleworks.com. NLE works. Retrieved 3 March 2016.
Shenzhen Stock Exchange
深圳证券交易所
SZSE logo.png
Shenzhen Stock Exchange 2014.jpg
Type Stock exchange
LocationShenzhen, China
Coordinates 22°32′39″N114°02′56″E / 22.54426°N 114.04883°E / 22.54426; 114.04883
Founded1987 (unofficially) [1]
1 December 1990 (formally)
3 July 1991 (opened)
Key peopleWu Lijun (Chairman)
Wang Jianjun (President and CEO)
Currency CNY
No. of listings2,840 (September 2024) [2]
Market cap ¥24.6 trillion ($3.48 trillion) (September 2024) [2] [3]
Indices
Website szse.cn
Chinese name
Simplified Chinese 深圳证券交易所
Traditional Chinese 深圳證券交易所
Transcriptions
Standard Mandarin
Hanyu Pinyin Shēnzhèn Zhèngquàn Jiāoyìsuǒ
Yue: Cantonese
Jyutping sam1 zan3 zing3 hyun3 gaau1 jik6 so2
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