What is the stock exchange for?
What is the stock exchange for?
1 Provide a stock exchange place. Because of the existence of this market, both buyers and sellers of securities have centralized trading places, and they can transfer and realize their own securities at any time to ensure the continuous circulation of securities.
2 Form and publish the price. The securities transactions completed in the exchange form the prices of various securities, because the securities transactions are centralized and open. When the transaction is reached through bilateral bidding, the price is generally fair and reasonable in theory. This price is announced to the public in time as an important basis for various related economic activities.
3. Concentrate all kinds of social funds to participate in investment. With more and more stocks listed on the exchange, the number of transactions is also increasing, which can attract a wide range of funds for stock investment and provide the funds needed for enterprise development.
4. Guide the rational flow of investment. Exchanges provide convenience for the free flow of funds, and reflect the profitability and development of securities issuing companies through daily market information and listed company information. Make social funds flow to the most needed and favorable direction.
In addition, formulate trading rules, maintain trading order, provide trading information, and reduce trading costs.
What are the stock exchanges?
There are five in China: Shanghai Stock Exchange and Shenzhen Stock Exchange, Hong Kong Stock Exchange, Taiwan Stock Exchange and Beijing Stock Exchange.
Shanghai Stock Exchange was established on 1990,165438+126, and opened in the same year,12, 19. Is a non-profit legal person, directly managed by the China Securities Regulatory Commission. Shanghai Stock Exchange adheres to the eight-character policy of "legal system, supervision, self-discipline and standardization" and is committed to creating a transparent, open, safe and efficient market environment and effectively protecting the rights and interests of investors. Its main functions include: providing places and facilities for securities trading; To formulate the business rules of the stock exchange; Accepting listing applications and arranging the listing of securities; Organizing and supervising securities trading; Supervise members and listed companies; Manage and publish market information.
Shenzhen Stock Exchange is located in Luohu District, Shenzhen, diagonally opposite to Wang Di Building. Founded in 1 990,65438+February,1,and officially opened on July 3, 199 1, it is a legal person that provides places and facilities for centralized securities trading, organizes and supervises securities trading, and implements self-discipline management. Directly supervised and managed by China Securities Regulatory Commission. Shenzhen Stock Exchange is committed to the construction of multi-level securities market and strives to create an open, fair and just market environment. The main functions include: providing places and facilities for securities trading; To formulate the business rules of this firm; Accepting listing applications and arranging the listing of securities; Organizing and supervising securities trading; Supervise members and listed companies; Manage and publish market information; Other functions permitted by China Securities Regulatory Commission.
The earliest securities trading in Hong Kong can be traced back to 1866. The first stock exchange in Hong Kong, the Hong Kong Association of Securities Brokers, was established in 189 1, and14 was renamed as the Hong Kong Stock Exchange. The second stock exchange in Hong Kong was established in 192 1.
Taiwan Stock Exchange was established on1October 23rd,196110, and started operation on February 9th, 1962. The Exchange is located at the 3rd floor, No.7, Section 5, Xinyi Road, Xinyi District, Taipei (Taipei10/office building 3rd floor).
On September 2nd, the CSRC said: The main idea of building the Beijing Stock Exchange is to strictly follow the securities law, implement it step by step, advance it step by step, generally translate the basic system of selected layers, insist that listed companies in the Beijing Stock Exchange are created by innovative companies, maintain the "progressive" market structure between the basic layer of the New Third Board and the Beijing Stock Exchange, and simultaneously pilot the securities issuance and registration system.