I. Basic information of the Exchange
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 and wheat).
Two. Shanghai Stock Exchange
Shanghai Stock Exchange was established on 1990,165438+126, and opened in the same year,12, 19. Is a non-profit legal person, directly managed by the China Securities Regulatory Commission. Shanghai Stock Exchange adheres to the eight-character policy of "legal system, supervision, self-discipline and standardization" and is committed to creating a transparent, open, safe and efficient market environment and effectively protecting the rights and interests of investors. Its main functions include: providing places and facilities for securities trading; To formulate the business rules of the stock exchange; Accepting listing applications and arranging the listing of securities; Organizing and supervising securities trading; Supervise members and listed companies; Manage and publish market information. The Shanghai Stock Exchange has six departments 16, such as office, personnel (organization) department, party management discipline inspection office, transaction management department, listed company department, market supervision department, bond fund department, member department, legal department, technology center, information center, international development department, research center, finance department, audit department and administrative service center, and a temporary organization-New Generation Information System Project Team. All listed securities must be publicly declared for bidding through the computer mainframe, and the mainframe will automatically match transactions according to the principle of price priority and time priority. The daily processing capacity of the trading host is 29 million consignments and 60 million transactions, and it can complete 16000 transactions per second. After years of sustained development, Shanghai securities market has become the leading market in China, with the number of listed companies, listed stocks, total market value, circulating market value, total securities turnover, stock turnover and national debt turnover ranking first. By the end of February 2004, Shanghai Stock Exchange had more than 37 million investors, 837 listed companies and 996 listed securities. The total market value of listed stocks is 26143.4 billion yuan; In 2004, listed companies raised 45.69438 billion yuan. A large number of pillar enterprises, backbone enterprises, basic industrial enterprises and high-tech enterprises in the national economy have raised development funds through listing and changed their operating mechanisms. After entering the new century, Shanghai Stock Exchange shoulders the arduous task of standardizing market development and faces a good opportunity to further promote market construction. With first-class hardware facilities, Pudong's superior location advantage and strong radiation, Shanghai's good economic development momentum and unique leading effect, and the positive promotion of the reform of state-owned enterprises and the construction of financial centers to Shanghai's capital market, the Shanghai Stock Exchange will open a new chapter in building a standardized, transparent, efficient, open and dynamic international first-class exchange in terms of technology, supervision, talents and services in accordance with the idea of strengthening confidence, strengthening supervision, maintaining stability and standardizing development.