The Shanghai Stock Exchange was established as China rebuilt domestic securities markets. It became a key institution in the gradual expansion of market mechanisms under party-state supervision. Its...
The exchange’s establishment created a new mechanism for securities trading and state-enterprise finance. It signaled that market institutions could be incorporated into a party-led economy. Early...
The link allowed eligible investors to trade listed shares across the two markets under quotas and regulatory controls. It deepened cross-border finance without full capital-account liberalization,...
The new board began trading to finance technology and innovation-focused companies with more flexible listing rules. The move reflected efforts to deepen domestic capital markets and reduce reliance...
