A stock exchange is a legal person that provides places and facilities for centralized securities trading, organizes and supervises securities trading, and implements self-discipline management. Judging from the situation of countries all over the world, there are two kinds of stock exchanges: for-profit legal person with company system and non-profit legal person with membership system, and China's stock exchange belongs to the latter.
Brief introduction of Shanghai Stock Exchange and Shenzhen Stock Exchange;
1, Shanghai Stock Exchange
The Shanghai Stock Exchange was established on1October 26th 1990, 19 and opened on 12 and19 in the same year. Is a non-profit legal person, directly managed by the China Securities Regulatory Commission. 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.
2. Shenzhen Stock Exchange
Shenzhen Stock Exchange was established in 1 99065438+February1and officially opened on July 3rd 199 1. It is a legal person with self-discipline management, which is directly supervised and managed by China Securities Regulatory Commission. Its main function is the same as that of Shanghai Stock Exchange.
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The National Small and Medium-sized Enterprise Share Transfer System (commonly known as the New Third Board) is the third national stock exchange approved by the State Council. It was formally established on 20 13 16 10, and is known as "Beijing Stock Exchange" in the industry. Different from Shanghai Stock Exchange and Shenzhen Stock Exchange, the New Third Board is an over-the-counter market, which is generally called the floor market.
References:
Jiangxi Provincial People's Government Network-What is the structure of China's multi-level capital market at present?