On the opening day, 25 securities institutions from Shanghai, Shandong, Jiangxi, Anhui, Zhejiang, Hainan and Liaoning became members of the Exchange, including professional brokers, professional dealers, regulatory brokers and dealers. The exchange uses cash loans instead of futures trading. At the beginning of business, bonds included government bonds, corporate bonds and gold.
Present situation and prospect
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 2008, there were 864 listed companies on the Shanghai Stock Exchange, with 1 184 kinds of listed securities.
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.
Relying on 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 take a multi-pronged approach in technology, supervision, talents and services in accordance with the idea of strengthening confidence, strengthening supervision, maintaining stability and standardizing development, so as to open a new chapter for building a standardized, transparent, efficient, open and dynamic exchange.