Shanghai is the world’s third most populous city, behind Tokyo and Delhi. The Chinese government in early 2009 announced its ambition of turning Shanghai into an international financial center by 2020. Shanghai is China’s largest city and a global financial center.
The Shanghai Stock Exchange (SSE) is the only and main Stock Exchange in Shanghai. The city is having a population of 26.3 million. Shanghai is home to the world’s fourth-largest exchange with a market cap of over $4 trillion. The Shanghai Stock Exchange (SSE) is mainland China’s most preeminent market for stocks in terms of turnover, tradable market value and total market value. The China Securities Regulatory Commission (CSRC) directly governs the SSE. The exchange is considered restrictive in terms of trading and listing criteria.
Experts predict Shanghai will become the world’s biggest financial hubs within a decade. In the latest ranking, its score (740) is just one point behind Tokyo. has done well in terms of market capitalisation but it needs to “attract an army of money managers” to enable it to compete with New York and London.
China is generating tremendous new capital, which makes it easier to stage initial public offerings of state-owned companies in places like Shanghai.
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