Home > About > News & Events > News >


Time:2019-03-28 10:03:46  Hits:[]
PHBS students of China Studies Course 

On March 13, PHBS students visited Shenzhen Stock Exchange, which was established in December 1990 in the Futian district of Shenzhen. It is a self-regulated legal entity under the supervision of the China securities regulatory commission. Based on market capitalization, it is the eighth largest stock exchange in the world and the fourth largest in Asia. There are more than 1,700 companies listed on the SZSE across 3 boards: the main board, the SME board (consisting mainly of manufacturing companies) and the ChiNext (NASDAQ-style board for innovative and fast-growing enterprises, in particular tech start-ups). Besides its function as a stock exchange, the SZSE participates in strategic projects such as RMB internationalization, opening-up of capital markets and also promotes cross-border financial services, including ties with Hong Kong. It is currently aligning its listing rules and international disclosure system with the global best practices. This will facilitate the inclusion of SZSE indices in international benchmarks.
The first part of the visit started with a presentation by Ms Jessica Zhang, along with two other experts from International department. The presentation covered several topics, such as introduction to Chinese capital market and its institutional structure, overview of products traded on SZSE, educational programmes and investor relations management system.

The session further focused on the Chinese capital market that is overseen by the China securities regulatory commission. Under its supervision, there are several important institutions such as Shenzhen and Shanghai Stock Exchanges, China Securities Depository and Clearing, China Financial Futures Exchange, Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange. They together provide key infrastructure for Chinese multi-tier capital market.
SZSE is dominated by private enterprises with 78% of non-state owned listed companies along with 72% of the companies in tech industry. The most important indices are Shenzhen component index - for benchmarks, Shenzhen 100 index - blue chip index, 100 biggest companies and ChiNext - new economy.
Since 55% of the shares are in hands of retail investors, SZSE focuses on providing infrastructure for investor relations management. Investor 365 program consists of three online platforms and six channels of communication and provides five key functions. SZSE also provides educational programmes such as courses on corporate governance for non-listed companies and compulsory training for executives from listed enterprises.
When it comes to the regulatory function, SZSE uses big data based market surveillance system. Due to Shenzhen – Hong Kong Stock connect, foreign investors can have access to mainland China capital market without a license from QFII programme. SZSE has 46 overseas partners and maintains close cooperation with Pakistan SE and Bangladesh SE – the two countries involved in the belt and road initiative. The presentation was followed by a Q&A session where the students asked about the future plans to allow foreign investors to access Chinese capital market more freely, to make RMB a global currency and to assure market stability in case of international turmoil.

Students visit the financial museum
The museum has been divided in two parts. The first part provides a general information on global and Chinese capital market whereas the second part focuses on the history of SZSE. The exhibition concerning the capital market was divided into four parts corresponding to four eras of human history. The exhibition focused on how innovations in financial system were related to the development of mankind. The first era involved primitive real capital wherein barter was the sole form of trade and people used cattle or other rare objects to exchange goods. Gradually, precious metals were also introduced as medium of exchange. 
The second era, i.e., sailing era, was closely related to international trade, especially merchant vessels cruises. In this era, the first stock exchange was established in Amsterdam. The third era, i.e., industrial era, was linked to the foundation of modern day banks such as Bank of England and was also concerned with the establishment of many shareholder companies. The last era, which is also the current era, is the time of science and technology. The symbolic begging of this era took place in 1971 with establishment of NASDAQ, i.e., special board dedicated to start-ups with high growth potential, operating in emerging sectors.
The experts further talked about the foundation of the first shareholder company in late Qing dynasty. Enterprises with shareholder structure usually operated in trade or heavy industry sectors like steam ships construction, mining, railway, etc. The museum also focused on three generations of bells used during the IPO ceremony as well as old equipment used by traders in the 20th century.

The students also got a chance to visit the 46th floor to click photos where they experienced a mesmerizing view of the Futian district of Shenzhen. The students were curious to know more about the stock exchange and the experts from SZSE helped the students to increase their knowledge through the valuable inputs. 
By Eshita Gulaiya (India) 
Photo: Eshita Gulaiya  and  Nicolas Laer (Switzerland)
Popular Articles
Latest News
Campus Events
风流少妇野外精品视频 禁18怕啦啦啦视频 24个聚合直播平台 小草视频免费观看视频动漫 向日葵视频污版 9uu有你有我足矣最多播放 黑人大战越南女在线播放 橙子直播下载 小草免费视频免费观看 波多野结衣教师系列6 涩播视频 国产精亚洲视频综合区 菠萝蜜app最污视频 豆奶视频直播app ios sg99.xy丝瓜视频下载app 套圗下载揭示板 japonensis18 一19 富二代f2抖音app污版抖音app污 99久久爱re6热精品首页 豆奶视频直播app ios 被老外一个接一个玩 欧美高清vjcossexo 暖暖暖视频大全免费高清 伦最新理在线火豆网 葵つかさ中文字幕在线观看 4tube4在线观看 小苹果app下载污yy 秘密教学 40集 11K手机影院三级 欧美精品高清在线观看 猪蜜蜜免费观看在线电视剧 小狐狸app在线下载 芭乐视频黄 年轻人手机里面的视频 人成菠萝蜜免费视频观看 一本到2019新一区 色yeye高清在线视频 向日葵视频下载app下载安卓免费 尻屄视频 国产亚洲日韩欧美看国产 苍井空免费Av片在线观看 456.ty 豆奶app视频下载 亚洲 自拍 偷拍 另类综合图区 114三级APP不卡 ID002 大奶牛app 女性裸体撤尿高清视频 扶老二fulao2最新官网下载安卓版 秋葵视频下载榴莲视频 欧美高清vjcossexo 偷窥女厕国产在线视频 莉莉卡奥特曼 毛色毛片免费观看 香草视频免费下载无限看污app app 比特精灵 小草电影网在线观看 林海导航烈火动漫 亚洲а∨天堂2019无码 百媚下载 小草免费视频观看播放 水果视频app黄在线观看 樱桃视频官网在线观看 a无限资源无限看 yh1.live樱花直播怎么进不去 china野外18:19 叼嗨视频 尻屄视频 久99久视频免费观看视频 金发美女大战黑大长吊 亚洲人成AV网站 欧美人妖AA1片 蜜柚app下载网址 麻豆传媒在线看 欧美前后双交 老人下面的几几 大奶牛app 高清无码爆乳潮喷在线观看 女朋友的妈妈2中语观看线观高清1兔费线韩国好 免费观看男女性高视频 水果视频APP