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Brief Introduction
Brief Introduction
  The 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). The SSE bases its development on the principle of "legislation, supervision, self-regulation and standardization" to create a transparent, open, safe and efficient marketplace. The SSE endeavors to realize a variety of functions: providing marketplace and facilities for the securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information.

After several years' operation, the SSE has become the most preeminent stock market in Mainland China in terms of number of listed companies, number of shares listed, total market value, tradable market value, securities turnover in value, stock turnover in value and the T-bond turnover in value.As at the end of 2011, there were 931 listed companies on SSE, with 39 new listings in 2011 (including 1 holistic listing). By the end of the year, there were 975 listed stocks on SSE with a total market capitalization of RMB 14,837.622 billion, decreasing by 17.11% year-on-year, and free-float market capitalization of RMB 12,285.136 billion, up 13.69% from the previous year. The year-end total share capital of all the listed companies reached 2,346.65 billion shares, of which 1,799.38 billion shares or 76.68% were tradable. A large number of companies from key industries, infrastructure and high-tech sectors have not only raised capital, but also improved their operation mechanism through listing on Shanghai stock market.

Entering the new century,SSE is faced with great opportunities as well as challenges to further boost the market construction and regulation. Combining the cutting-edge hardware facilities,favorable policy conditions in Pudong, exemplary role of Shanghai economy, SSE is fully committed to the goal of State-owned industrial enterprises reform and developing Shanghai into an international financial center with great confidence.
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