The Shenzhen Stock Exchange (SZSE) is a national stock exchange established in Dec. 1991 under the China Securities Regulatory Commission (the CSRC). Here buying and selling orders are matched in a fair, open and orderly market, through an automated system to create the best possible prices based on price-time priority.

A significantly smaller exchange in listing and trading turnover compared with the Shanghai Stock Exchange, by the end of 2007, SZSE boasted 869 listed securities and 672 listed companies, with a combined market capitalization of RMB 6,054.5 billion and 154 member companies.

Competing with Shanghai Stock Exchange and Hong Kong Stock exchange, SZSE is trying to develop some special services and flavors. For example, the Small and Medium Enterprises Board was created to facilitate listings of smaller companies, while seeking listings of the big companies for the main board. SZSE is also trying hard to keep with the latest technologies in trading, clearing and regulation. For example, each beneficial investor keeps an individual account with the clearing house as well as a sub-account with his broker. The tier depository system provides the SZSE an edge to survive the market and provide ancillary services.

As a full member of the WFE and AOSEF, the SZSE has been playing an active role in the-world exchange community. The SZSE has signed cooperative memorandum of understanding with exchanges worldwide, including Tokyo Stock Exchange, Korea Exchange, Australian Stock Exchange, Singapore Exchange, London Stock Exchange, Toronto Stock Exchange, Osaka Securities Exchange, Berlin Stock Exchange, National Stock Exchange of India, Chicago Board Option Exchange and Chicago Mercantile Exchange, with an aim of mutual benefits and development.

The Shenzhen Stock Exchange Building