The differences between the Shanghai Stock Exchange and the Shenzhen Stock Exchange are as follows:
1. The location of the stock exchange: the Shanghai Stock Exchange is Shanghai; the Shenzhen Stock Exchange is Shenzhen. ?
2. Different sectors: the Shanghai Stock Exchange only has the main board and B-shares; the Shenzhen Stock Exchange has the main board, small and medium-sized boards, GEM and B-shares. ?
3. The stock codes are different: the Shanghai main board starts with 60, and the B shares start with 900; the Shenzhen main board starts with 000, the small and medium-sized board starts with 002, the GEM starts with 300, and the B shares start with 200 beginning. ?
4. B-share prices are different: the Shanghai Stock Exchange bids in U.S. dollars; the Shenzhen Stock Exchange bids in Hong Kong dollars. ?
5. Different trading systems: The basic trading rules are the same. The difference lies in the last 3 minutes of market closing (14:57~15:00). Specifically, the trading rules of the Shanghai stock market are continuous bidding; Shenzhen stock market The trading rule of the market is call auction.
6. Custody is different: The Shanghai Stock Exchange adopts designated transactions, that is, when you set up a securities account, you must first select a securities company as the entrusted object; the Shenzhen Stock Exchange adopts "automatic custody, anywhere There is no substantive difference between the companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. They are just indices reflecting the respective securities markets. There is not much difference between investors trading stocks in these two places, and the handling fees are the same.
1. The Shanghai Composite Index mainly consists of the Composite Index, 180 Index, and the New Composite Index; the Shenzhen Stock Exchange Index mainly includes the Component Index, the Composite Index,;
2. The Shanghai listing code starts with 6 Yes, but the Shenzhen listing code starts with 0.
3. The Shanghai Stock Exchange has many large-cap stocks, and Shenzhen has many small- and medium-cap stocks as well as the GEM.
4. The stocks of companies listed on the Shanghai Stock Exchange can only be traded in one securities company. There is also a transfer fee of one yuan. The Shenzhen Exchange does not have this restriction. All other handling fees are the same.
Extended information:
The concept of Shanghai Stock Exchange and Shenzhen Stock Exchange
1. Shanghai Stock Exchange (English: Shanghai Stock Exchange) is the two securities exchanges in mainland China. One of the institutes, founded on November 26, 1990[1]?, is located in Pudong New Area, Shanghai.
The Shanghai Stock Exchange officially opened for business on December 19, 1990. As of the end of 2009, the Shanghai Stock Exchange had 870 listed companies, 1,351 listed securities, and a total stock market value of 18,465.523 billion yuan. A large number of pillar enterprises, key enterprises, basic industry enterprises and high-tech enterprises of the national economy have not only raised development funds but also transformed their operating mechanisms through listing.
2. The Shenzhen Stock Exchange (hereinafter referred to as the "Shenzhen Stock Exchange") was established on December 1, 1990. It provides venues and facilities for centralized securities trading, organizes and supervises securities transactions, and fulfills relevant national laws. , legal persons that implement self-discipline management with responsibilities specified in laws, regulations, and policies.
The main functions of the Shenzhen Stock Exchange include: providing venues and facilities for securities trading; formulating business rules; reviewing securities listing applications and arranging securities listing; organizing and supervising securities transactions; supervising members; Supervision; management and publication of market information; other functions permitted by the China Securities Regulatory Commission.
SZSE adheres to the fundamental concept of improving market transparency, implements the eight-character policy of "supervision, innovation, cultivation, and service" and strives to create an open, fair and just market environment.
Reference materials: Shanghai Stock Exchange_Baidu Encyclopedia ?Shenzhen Stock Exchange_Baidu Encyclopedia