Shanghai Stock Exchange

Exchange entity Shanghai Stock Exchange (SSE)
Conducts business in China
Number of listed companies (June 2017) 1,302
Domestic market capitalization (in Millions USD, June 2017) 4,457,971
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No
Requires ESG reporting as a listing rule? No
Offers written guidance on ESG reporting? Yes;
  • Guidelines on Listed Companies’ Environmental Information Disclosure
  • Guidance - In 2008, the SSE issued the "Notice on Strengthening Listed Companies' Assumption of Social Responsibility" and the "Guidelines on Listed Companies' Environmental Information Disclosure." Listed companies that promote CSR are offered incentives like priority election into the Shanghai Corporate Governance Sector, or simplified requirements for examination and verification of temporary announcements. The Shanghai Environmental Disclosure Guidelines allow for the SSE to take “necessary punishment measures” against companies for violations of the disclosure rules. Source
Offers ESG related training? Yes;
  • SSE offers training for green bond/ABS issuers and underwriters
Provides sustainability-related indices? Yes;
Has green bond listings? Yes
Additional Information
  • SSE announced the Circular on Launching Pilot Program for Green Corporate Bonds in March, 2016.
  • SSE is the Observer of Green Bond Principles (GBP) and is nominated Green Finance Pioneer by Climate Bonds Initiative.
Organizational model of stock exchange
  • Association not for profit
Regulatory bodies
Regulatory model
  • Limited Exchange Self-Regulatory Organization (SRO) Model The Shanghai Stock Exchange is able to set basic rules and regulations such as accepting new listings and market surveillance, but the China Securities Regulatory Committee holds the majority of regulatory abilities in China. Any new regulatory abilities the exchange wants to undertake must be approved by the China Securities Regulatory Committee.
About the stock exchange
  • Location: Shanghai, China The Shanghai Stock Exchange (SSE) was founded on Nov. 26th,1990 and in operation on Dec.19th the same year. It is a membership institution directly governed by the China Securities Regulatory Commission(CSRC). The SSE bases its development on the principle of "legislation, supervision, self-regulation and standardization" to create a transparent, open, safe and efficient marketplace. The SSE endeavors to realize a variety of functions: providing marketplace and facilities for the securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information. Source