The exchange has pre-market sessions from 09:15am to 09:25am and normal trading sessions from 09:30am to 11:30am and 1:00pm to 3:00pm China Standard Time (UTC+08:00) on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[9][10]
ChiNext
The exchange opened the ChiNext board (Chinese: 创业板),[11] a NASDAQ-type exchange for high-growth, high-tech start-ups, on October 23, 2009.[12]
Overview
ChiNext is also called the second stock trading market. It refers to the securities trading market outside the main board. It provides growth space for small and medium-sized enterprises and emerging companies that cannot be listed in the main board. It is an effective supplement to the main board market.[13] The biggest feature of the ChiNext is that it has low entry barriers and strict operation requirements, which help potential small and medium-sized enterprises obtain financing opportunities.
Influences
The influences of ChiNext includes boosting innovation and entrepreneurship and attracting foreign investment. Specifically, ChiNext has played a key role in promoting innovation and entrepreneurship in China by providing a platform for smaller and innovative companies to raise capital and grow their businesses. This has led to the development of startups and technology companies in China.[14]
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:
Minimum size requirements: Companies seeking to list on the SZSE must have a certain level of size, as measured by net assets or revenue. [16]
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.[17]
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.
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.[18] The building is located at 2012 Shennan Blvd., Futian District.[3] 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[19][20] and construction by The Second Construction Co., Ltd of China Construction Third Engineering Bureau, a subsidiary of China State Construction Engineering Corporation.
^Chen, Jianxun; Shi, Huici (1 January 2002). The Evolution of the Stock Market in China's Transitional Economy. Edward Elgar Publishing. ISBN9781782542605. Retrieved 27 January 2017 – via Google Books.
^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. ISSN 1745-6622. S2CID 153763863.
shenzhen, stock, exchange, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Shenzhen Stock Exchange news newspapers books scholar JSTOR August 2008 Learn how and when to remove this template message The Shenzhen Stock Exchange SZSE Chinese 深圳证券交易所 is a stock exchange based in the city of Shenzhen in the People s Republic of China It is one of three stock exchanges operating independently in Mainland China the others being the Beijing Stock Exchange and the Shanghai Stock Exchange It is situated in the Futian district of Shenzhen 3 Shenzhen Stock Exchange深圳证券交易所TypeStock exchangeLocationShenzhen ChinaCoordinates22 32 39 N 114 02 56 E 22 54426 N 114 04883 E 22 54426 114 04883 Coordinates 22 32 39 N 114 02 56 E 22 54426 N 114 04883 E 22 54426 114 04883Founded1987 unofficially 1 1 December 1990 formally 3 July 1991 opened Key peopleWu Lijun Chairman Wang Jianjun President and CEO CurrencyCNYNo of listings2 375 Jan 2021 Market capUS 5 24 trillion Jan 2021 2 IndicesSZSE 100 blue chip SZSE 200SZSE 300SZSE Component major index SZSE 700SZSE 1000SZSE CompositeWebsiteszse cnChinese nameSimplified Chinese深圳证券交易所Traditional Chinese深圳證券交易所TranscriptionsStandard MandarinHanyu PinyinShenzhen Zhengquan JiaoyisuǒYue CantoneseJyutpingsam1 zan3 zing3 hyun3 gaau1 jik6 so2Alternative Chinese nameChinese深交所TranscriptionsStandard MandarinHanyu PinyinShen JiaosuǒYue CantoneseJyutpingsam1 gaau1 so2Shenzhen Stock Exchange inner view Sculpture in front of Shenzhen Stock Exchange Former site of Shenzhen Stock Exchange On November 22nd 1990 the first transaction bell of Chinese security market rang This is the opening bell of the stock market Contents 1 History 2 Hours 3 ChiNext 3 1 Overview 3 2 Influences 4 Market data 5 Listings 5 1 Major listing requirements 6 Building 7 See also 7 1 Lists 8 References 9 External linksHistory EditOn December 1 1990 Shenzhen Stock Exchange was founded 4 In January 1992 Deng Xiaoping s Southern Tour saved China s capital market and the two stock exchanges the other is Shanghai Stock Exchange 5 6 In July 1997 the State Council of China decided that the Shenzhen Stock Exchange would be directly managed by the China Securities Regulatory Commission 7 8 In May 2004 the SME Board was launched 4 In October 2009 the ChiNext market Chinese 创业板 was inaugurated 4 Hours EditThe exchange has pre market sessions from 09 15am to 09 25am and normal trading sessions from 09 30am to 11 30am and 1 00pm to 3 00pm China Standard Time UTC 08 00 on all days of the week except Saturdays Sundays and holidays declared by the Exchange in advance 9 10 ChiNext EditThe exchange opened the ChiNext board Chinese 创业板 11 a NASDAQ type exchange for high growth high tech start ups on October 23 2009 12 Overview Edit ChiNext is also called the second stock trading market It refers to the securities trading market outside the main board It provides growth space for small and medium sized enterprises and emerging companies that cannot be listed in the main board It is an effective supplement to the main board market 13 The biggest feature of the ChiNext is that it has low entry barriers and strict operation requirements which help potential small and medium sized enterprises obtain financing opportunities Influences Edit The influences of ChiNext includes boosting innovation and entrepreneurship and attracting foreign investment Specifically ChiNext has played a key role in promoting innovation and entrepreneurship in China by providing a platform for smaller and innovative companies to raise capital and grow their businesses This has led to the development of startups and technology companies in China 14 Market data Edit As of January 2021 15 Listed companies 2 375 Market capitalization RMB 34 463 161 66million US 5 24 trillion Listings EditMain article List of companies listed on the Shenzhen Stock Exchange Major listing requirements Edit 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 Minimum size requirements Companies seeking to list on the SZSE must have a certain level of size as measured by net assets or revenue 16 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 17 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 Disclosure and transparency Companies must provide full and timely disclosure of financial and other information and must comply with all regulatory reporting requirements Building EditThe 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 18 The building is located at 2012 Shennan Blvd Futian District 3 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 19 20 and construction by The Second Construction Co Ltd of China Construction Third Engineering Bureau a subsidiary of China State Construction Engineering Corporation See also EditChina Securities Regulatory Commission Hong Kong Stock Exchange Shanghai Stock Exchange Untraded shares Deng Xiaoping s Southern TourLists Edit List of companies of China List of East Asian stock exchanges List of stock exchangesReferences Edit 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 Shenzhen Stock Exchange SZSE TradingHours com www tradinghours com a b Shenzhen Stock Exchange s www shenzhen stock exchange Shenzhen Stock Exchange Retrieved 3 March 2016 a b c Overview Shenzhen Stock Exchange Retrieved 2020 05 03 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 ISSN 1745 6622 S2CID 153763863 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 Retrieved 2020 05 02 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 2020 05 03 CHINA SECURITIES REGULATORY COMMISSION Shenzhen Branch www csrc gov cn Retrieved 2020 05 03 Shenzhen Stock Exchange Retrieved 27 January 2017 深圳证券交易所 Retrieved 27 January 2017 Shenzhen Stock Exchange Retrieved 27 January 2017 http www shenzhen stock exchange a href Template Cite web html title Template Cite web cite web a Missing or empty title help 什么是创业板市场 cctv com提供 news cctv com Retrieved 2023 02 15 Nicholson Chris V 2009 10 30 China Opens Nasdaq Like Exchange in Shenzhen DealBook Retrieved 2023 02 23 Shenzhen Stock Exchange Market Overview www szse cn https www szse cn ipo guide requirements index html Retrieved 2023 02 23 a href Template Cite web html title Template Cite web cite web a Missing or empty title help https docs static szse cn www ipo guide rule W020210930683744218424 pdf Shenzhen Stock Exchange The Skyscraper Center Council on Tall Buildings and Urban Habitat Retrieved November 21 2014 Shenzhen Stock Exchange Project oma eu projects shenzhen stock exchange OMA EU Projects Retrieved 3 March 2016 Shenzhen stock exchange building www nleworks com NLE works Retrieved 3 March 2016 External links EditOfficial website in English Retrieved from https en wikipedia org w index php title Shenzhen Stock Exchange amp oldid 1141889990, wikipedia, wiki, book, books, library,
