Headquartered in Shanghai.
Market Capitalization (2016, USD trillion) – 3.5;
Trade Value (2011, USD Billions) – 3,658.
It is the world’s 5th largest stock market by market capitalization and one of the two stock exchanges operating independently in the People’s Republic of China. Unlike the Hong Kong Stock Exchange, the SSE is not entirely open to foreign investors. The main reason is tight capital account controls by Chinese authorities. The securities listed at the SSE include the three main categories of stocks, bonds, and funds.
Bonds traded on SSE include treasury bonds, corporate bonds, and convertible corporate bonds. The largest company in SSE is PetroChina (market value – 3,656.20 billion).
10.8 Hong Kong Stock Exchange
Headquartered in Hong Kong.
Market Capitalization (2011, USD Billions) – 2,258;
Trade Value (2011, USD Billions) – 1,447.
It is the third largest stock exchange in Asia and the sixth largest in the world in terms of market capitalization.
As of 2016, Hong Kong Stock Exchange (SEHK) has about 1,955 listed companies and it operates securities market and a derivatives market in Hong Kong and the clearing houses for those markets.
The three largest stocks by market capitalisation in Hong Kong Stock Exchange are
- Tencent Holdings: $3,121.04
- China Mobile: $1,729.15
- HSBC Holdings: $1,603.97
in billions of Hong Kong dollars, Data updated on 8 August 2017