Shanghai Stock Exchange
Newsletter - February 2025
Newsletter - February 2025
Source: SSE, Wind, as of Feb 28, 2025
SSE Monthly News Highlights
SSE Leads Innovation in Green Finance: Enhancing Green Indices, Funds, and Bonds
2025/2/11
Recently, the China Securities Regulatory Commission issued the Implementation Opinions on Enhancing Capital Market's Efforts in the Areas of Technology Finance, Green Finance, Inclusive Finance, Pension Finance, and Digital Finance (hereinafter referred to as "Implementation Opinions"). The Implementation Opinions clearly outlines the need to enhance the green finance standards in the capital market and expand the range of green financial products.
http://english.sse.com.cn/news//newsrelease/c/c_20250213_10770968.shtml
First Batch of STAR Market Composite Index ETFs Launched to Support Development of New Quality Productive Forces
2025/2/17 Source: Global Times
A total of 12 fund management firms started the issuance of STAR Market Composite Index exchange-traded funds (ETFs) and STAR Market Composite Price Return Index ETFs, continuously directing funds into the market to support core technologies while meeting growing investor demand for richer tools representing the market's performance.
https://english.sse.com.cn/news/newsrelease/voice/c/c_20250218_10771263.shtml
China Holds First High-Level Symposium on Private Economy in Six Years
2025/2/18 Source: YICA
China has held its first high-level symposium on the private economy since 2018, sending a strong signal to stabilize expectations for the private economy and boost the confidence of private enterprises. Chinese President Xi Jinping attended the symposium in Beijing and delivered an important speech after listening to representatives of private entrepreneurs, according to Xinhua News Agency.
https://english.sse.com.cn/news/newsrelease/voice/c/c_20250219_10771304.shtml
SSE Takes Multiple Measures to Support Financing for Private Enterprises
2025/2/24 Translated from Shanghai Securities News
Private enterprises are a crucial component of China's national economy. As the development of the private economy faces challenges, how to support the financing of private enterprises has become a key area of focus. The SSE has consistently supported private enterprises in raising funds through the bond market. In 2024, more than 100 private enterprises raised over 220 billion yuan through bond and asset-backed securities (ABS) financing on the SSE.
https://english.sse.com.cn/news/newsrelease/digest/c/c_20250226_10772991.shtml
Methodology of STAR 100 Index and STAR 200 Index to be Revised to Build a More Mature STAR Market
2025/2/26
As the SSE STAR Market continues to mature, the SSE and the China Securities Index Co., Ltd. (CSI) have recently announced revisions to the methodology of the STAR 100 Index and the STAR 200 Index. The change aims to better reflect the overall performance of the STAR Market's listed companies and to further standardize the methodology for broad-based indexes of the STAR Market. The new methodology will take effect on March 17, 2025.
https://english.sse.com.cn/news//newsrelease/c/c_20250227_10773060.shtml
SSE Monthly Data
Equity Market Overview
| Market | No. of Listed Companies | Total Market Cap. (RMB tn) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Main Board A | 1693 | 44.97 | 540.24 | 40.18 |
| STAR Market | 585 | 7.03 | 163.29 | 71.00 |
| Total (A Shares) | 2278 | 52.00 | 703.53 | 46.30 |
Index Performance
Note: the indexes are rebased to January 27, 2025
| Indexes | Closing Price | Monthly Performance | YTD Performance | PE* |
|---|---|---|---|---|
| SSE Composite | 3320.90 | 2.16 | -0.92 | 14.07 |
| SSE 50 | 2638.96 | 2.14 | -1.71 | 10.99 |
| SSE 180 | 8505.83 | 1.78 | -1.57 | 11.60 |
| STAR 50 | 1078.80 | 12.95 | 9.09 | 39.84 |
| CSI 300 | 3890.05 | 1.91 | -1.14 | 13.22 |
*Based on previous year's annual report, excluding loss-making companies
Capital Raised through IPO
| Market | 2025 February | 2025 Total | ||
|---|---|---|---|---|
| No. of IPO | Capital Raised (RMB bn) | No. of IPO | Capital Raised (RMB bn) | |
| SSE Main Board | 0 | 0 | 1 | 0.81 |
| STAR Market | 0 | 0 | 4 | 2.81 |
| Total | 0 | 0 | 5 | 3.62 |
Shanghai-Hong Kong Stock Connect
| Average Daily Trading Value (RMB bn) | MoM Change (%) | |
|---|---|---|
| Northbound | 97.20 | 24.87 |
| Southbound | 89.93 | 139.30 |
Bond Market Overview
| Bond Types | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Treasury bonds | 1166.96 | 1.15 | 12.35 | -33.82 |
| Local government bonds | 1766.77 | 0.45 | 1.82 | -24.48 |
| Financial bonds | 76.74 | -5.14 | 0.04 | -60.00 |
| Corporate bonds & Enterprise bonds | 12872.35 | -0.29 | 45.77 | 7.67 |
| Convertible bonds | 530.80 | -0.33 | 31.32 | 51.67 |
| Asset-backed securities | 1569.94 | 0.63 | 2.39 | 14.35 |
| Total | 17983.56 | -0.07 | 93.69 | 8.41 |
Fund Market Overview
| Fund Types | No. of Listed Products | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|---|
| ETF | 638 | 2738.56 | 1.11 | 196.13 | 27.13 |
| LOF | 118 | 8.80 | 1.03 | 0.22 | 46.67 |
| REITs | 42 | 119.88 | 5.07 | 0.66 | 17.86 |
| Total | 798 | 2867.24 | 1.27 | 197.02 | 27.13 |
Derivatives Market Overview
| Options | Average Daily No. of Contracts Traded (mn) | Volume Put/Call Ratio (%) | Last Month Put/Call Ratio (%) | Total Open Interest | Open Call Interest | Open Put Interest |
|---|---|---|---|---|---|---|
| SSE 50ETF Options | 1.12 | 72.16 | 92.02 | 1.40 | 0.79 | 0.61 |
| CSI 300 ETF Options | 1.02 | 78.37 | 94.26 | 1.21 | 0.65 | 0.56 |
| CSI 500 ETF Options | 1.41 | 88.73 | 100.80 | 1.04 | 0.55 | 0.49 |
| ChinaAMC STAR 50 ETF Options | 1.14 | 67.91 | 75.27 | 1.59 | 0.93 | 0.66 |
| E FUND STAR 50 ETF Options | 0.35 | 78.23 | 111.33 | 0.53 | 0.30 | 0.22 |
Edited by LI Tianfang and FANG Yuqin, Dept. of International Affairs, Shanghai Stock Exchange.
Global Investor Services Team
Dept. of International Affairs
Shanghai Stock Exchange | 上海证券交易所
Dept. of International Affairs
Shanghai Stock Exchange | 上海证券交易所
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