上海證券交易所（課堂PPT）

1、LOGO單擊添加署名或公司信息Page 2Brief Introduction 1The Shanghai Stock Exchange (SSE) was founded on Nov. 26th,1990 and in operation on Dec.19th the same year. It is a membership institution directly governed by the China Securities Regulatory Commission(CSRC).（中國證（中國證監(jiān)會(huì)）監(jiān)會(huì)）The SSE bases its development on the

2、 principle of legislation, supervision, self-regulation and standardization to create a transparent, open, safe and efficient marketplace.（ 按照按照“法制、監(jiān)管、自律、規(guī)范法制、監(jiān)管、自律、規(guī)范”的八字方針，的八字方針，上海證券交易所致力于創(chuàng)造透明、開放、安全、高效的市場環(huán)境上海證券交易所致力于創(chuàng)造透明、開放、安全、高效的市場環(huán)境）Page 3Brief Introduction 23The SSE endeavors to realize a varie

3、ty of functions: providing marketplace and facilities for the securities trading(提供證券交易的場所和設(shè)施) ; formulating business rules( 制定證券交易所的業(yè)務(wù)規(guī)則) ; accepting and arranging listings(接受上市申請，安排證券上市）; organizing and monitoring securities trading(組織、監(jiān)督證券交易); regulating members and listed companies(對(duì)會(huì)員、上市公司進(jìn)行監(jiān)管)

4、; managing and disseminating market information.(管理和公布市場信息) Page 4Historical Review 1Shanghai was the first city in china to see stock,stock trading and stock exchanges. Stock trading started in Shanghai as early as 1860s In 1891, the Shanghai Sharebrokers Association（上海股票經(jīng)濟(jì)協(xié)會(huì)）（上海股票經(jīng)濟(jì)協(xié)會(huì)） was establi

5、shed, which was regarded as the primitive form of stock bourses( (股票交易所）股票交易所） in China Later in 1920 and 1921, the Shanghai Security Goods Exchange and the Shanghai Chinese Security Exchange commenced operations respectively.Page 5Historical Review 2By the 1930s, Shanghai had emerged as the financi

6、al center of the Far East, where both Chinese and foreign investors could trade stocks, debentures（公司債券）（公司債券）, government bonds and futures（期貨）（期貨）.In 1946, Shanghai Securities Exchange Co., Ltd. was created on the basis of Chinese Security Exchange, but ceased（停止）（停止）operations three years later i

7、n 1949.Since 1980, Chinas securities market has evolved in tandem with the countrys introduction of reform and opening up policy and the development of socialist market economy.Page 6 In 1981, trading in treasury bonds was resumed. In 1984, stocks and enterprise bonds emerged in Shanghai and a few o

8、ther cities. On November 26, 1990, Shanghai Stock Exchange (SSE) came into existence, and on December 19 of the same year, it started formal operations.Historical Review 3Page 7Chairman and PresidentChairman :GuiMeiJiePresident:Huang HongyuanPage 8Page 9Organizational Structure of the SSEGeneral Ass

9、embly:The supreme authority of the Shanghai Stock Exchange.Board of Governors:The decision-making body of the Shanghai Stock ExchangeBoard of Supervisors:The supervisory body of the SSE, independently exercising the rights of supervision by law.Executive Office:Internal coordination and administrati

10、on.Page 10Transaction categories A share (RMB ordinary shares ) Stock B share (RMB special shares 文字內(nèi)容 Open-end funds Exchange-traded fundsFundClosed-end funds Innovative closed-end funds文字內(nèi)容Derivative Derivative文字內(nèi)容BondCorporate bonds Convertible bondsnational debt Local government bonds Page 11對(duì)不同

11、人的尊重體現(xiàn)個(gè)人修養(yǎng)1Markrt operations2Operation systems 3Trading hours4Trade principles5Transation modePage 12請?jiān)谶@里輸入您的標(biāo)題 Full guarantee of safe Full guarantee of safe operation of new operation of new system and continuous system and continuous enhancement of safety enhancement of safety management levelmana

12、gement level Various measures Various measures taken to greatly taken to greatly promote the promote the development of the development of the bond marketbond market Continuous Continuous enhancement of enhancement of market services, and market services, and consistent promotion consistent promotio

13、n ofof blue-chip stock blue-chip stock藍(lán)籌股藍(lán)籌股 market establishmentmarket establishment Enhancement of Enhancement of all-round all-round supervisory function supervisory function and promotion of and promotion of development based development based on supervisionon supervision MARKET OPERATIONSMARKET

14、 OPERATIONSPage 13請?jiān)谶@里輸入您的標(biāo)題 Key focus on Key focus on development of development of trading funds of the trading funds of the Exchange for stable Exchange for stable development of development of innovative productsinnovative products Safeguarding Safeguarding orderly development orderly developmen

15、t of all businesses, of all businesses, and evaluation of and evaluation of basic basic infrastructuresinfrastructuresKeep up with Keep up with business business development and development and create a brand for create a brand for investor educationinvestor educationPage 14請?jiān)诖颂庉斎肽臉?biāo)題Centralized auc

16、tion trading system1Block trading system2Fixed income securities integrated electronic platform3Operation systemsPage 15Trading Hoursnfrom Monday to Friday. an call auction 集合競價(jià)9:15 - 9:25 a continuous auction 連續(xù)競價(jià)9:30 -11:30. In the afternoon market session, continuous auction 13:00 -15:00. Intent

17、orders for block trades大宗交易意向訂單 9:30 -11:30 13: 00 -15:30 execution orders for block trades執(zhí)行訂單 15:00 - 15:30. Special block trade business臨時(shí)性的 15:00- 17:00 The market is closed on Saturdays, Sundays and other public holidays announced by SSE.Page 16Tradeprinciples2.Time priority1.Price priority三大標(biāo)準(zhǔn)組織介紹Higher prices to buy lower prices to buy Lower prices to sell higher prices to sell declare priorityThe same price ,according to timeTrade principlesPage 17Electronic auction tradingTransaction modeThe sale