1. The types of listed companies are different: Shanghai Stock Exchange is dominated by state-owned enterprises and science and technology innovation board, while Shenzhen Stock Exchange is dominated by private enterprises and Growth Enterprise Market.
2. The threshold for opening an account is different: Shanghai and Shenzhen Stock Exchanges only need 18 years old and have a bank card ID card. Beijing Stock Exchange needs to have 500,000 cash and 2 years of securities experience on the basis of Shanghai and Shenzhen Stock Exchanges.
3. There are different restrictions on the first day of IPO listing: the first day of IPO listing in Shanghai and Shenzhen Stock Exchanges is limited to 44%, and there is no limit on the first day of IPO listing in North Stock Exchange.
4. There are different price limits for stocks: the price limit for stocks in Shanghai and Shenzhen stock exchanges is 10%, and the price limit for stocks in North Stock Exchange is 30%.
5. The institutional system is different: the Shanghai and Shenzhen Stock Exchanges are members and the North Stock Exchange is a company.
6. Different sources of companies: the source of Shanghai and Shenzhen Stock Exchanges is domestic, and the source of companies of North Stock Exchange is mainly the innovation layer and basic layer of the New Third Board.
7. The threshold for subscription of new shares is different: Shanghai and Shenzhen Stock Exchanges only need to have a relative market value for subscription of new shares, while North Stock Exchange needs to freeze funds for subscription of new shares without market value.
8. An information platform for trading certain information and articles needs a fixed place called an exchange. Exchange, with the help of information platform, realizes property rights information sharing, off-site transactions, unified coordination and balance of property rights trading market and various terms. A market where securities or commodities are traded in bulk can buy and sell spot and futures. Usually divided into stock exchanges and commodity exchanges. A stock exchange that deals in stocks and corporate bonds is called a stock exchange; Commodity exchanges are called commodity exchanges, trading commodities (such as cotton, wheat, iron ore, crude oil, etc. ).