China A-Shares

From MarketsWiki
Jump to: navigation, search

China A-shares are RMB-denominated common stocks listed on either Shanghai Stock Exchange (SSE) or Shenzhen Stock Exchange (SZSE). A-shares are issued by Chinese companies for domestic institutions, organizations, and individuals (expect residents in Taiwan, Hong Kong and Macau). A-shares are booked electronically, and settled on "T+1" by the China Securities Central Clearing & Registration Corporation (CSCCRC)[1][2], which is responsible for the central depository,registration and clearing of the securities. A-shares are subject to a 10-percent price limit, except for stocks under special treatment (ST shares or *ST shares), which are subject to a price limit of 5%[3][4].

Other categories of listed shares issued by Chinese companies include B-shares, H-shares, N-shares and S-shares, according to the location of the stock exchange that hosts each category of shares and the kind of the investors for which it's meant.

References

  1. Trading & Clearing System. Shanghai Stock Exchange.
  2. Trading. Shenzhen Stock Exchange.
  3. Circular on the Promulgation of the Trading Rules of Shanghai Stock Exchange. Shanghai Stock Exchange.
  4. SSE Trading Rules. Shenzhen Stock Exchange.