Shanghai Stock Exchange
Newsletter - March 2025
Newsletter - March 2025
Source: SSE, Wind, as of March 31, 2025
SSE Monthly News Highlights
SSE Releases the Action Plan on Further Leveraging the Functions of the Exchange and Guiding the Industry to Practice Financial Culture with Chinese Characteristics
2025/3/12
Shanghai Stock Exchange released the Action Plan on Further Leveraging the Functions of the Exchange and Guiding the Industry to Practice Financial Culture with Chinese Characteristics (hereinafter referred to as the Action Plan) to financial institutions. The Action Plan aims to guide financial institutions, mainly securities firms and fund management companies, to adhere to the people-centered value, uphold the political nature and public features of the capital market, carry forward excellent traditional Chinese culture, practice the financial culture with Chinese characteristics of "Five Dos and Five Don'ts", properly handle the relationship between functionality and profitability, and facilitate the high-quality development of the capital market.
https://english.sse.com.cn/news//newsrelease/c/c_20250313_10775716.shtml
SSE Formulates Action Plan on Further Advancing the "Five Major Areas" of Finance to Continuously Enhance the Quality and Efficiency of Real Economy Services
2025/3/13
Shanghai Stock Exchange recently formulated the Action Plan on Further Improving the "Five Major Areas" of Finance (hereinafter referred to as the Action Plan). Centered around further promoting the "five major areas" of finance, the Action Plan focuses on serving major strategies, key fields, and weak links by giving full play to the functional advantages of the SSE in pooling large-cap blue-chip stocks and core technology, and providing a wide range of products and tailored services. It aims to channel more resources to science and technology finance, green finance, inclusive finance, pension finance, digital finance, among other things, thereby facilitating high-quality economic and social development.
https://english.sse.com.cn/news/newsrelease/voice/c/c_20250218_10771263.shtml
SSE Updates Three-year Action Plan for Advancing Quality Improvement of SSE-listed Companies
2025/3/21
Shanghai Stock Exchange, under the supervision of China Securities Regulatory Commission (CSRC), has formulated a new Three-year Action Plan for Advancing the Quality Improvement of the Companies Listed on Shanghai Stock Exchange (referred to as the "Three-Year Action Plan"). Quality improvement is the foremost objective of listed company regulation and service.Guided by the CSRC, the SSE has introduced two editions of Three-Year Action Plan in recent years. Through joint efforts by all stakeholders, various initiatives have been effectively rolled out, and a strong momentum of quality enhancement has shown among SSE-listed companies.
https://english.sse.com.cn/news//newsrelease/c/c_20250325_10776359.shtml
SSE and B3 Sign Memorandum of Understanding on ETF Product Connectivity to Advance China-Brazil Capital Market Collaboration
2025/3/21
In a move to deepen the opening-up of China's capital market and to facilitate foreign investment, Shanghai Stock Exchange and Brasil, Bolsa, Balc o (B3) signed a memorandum of understanding (MOU) regarding ETF connectivity cooperation on March 20, marking a new phase in capital market cooperation between China and Brazil.
https://english.sse.com.cn/news//newsrelease/c/c_20250325_10776360.shtml
SSE: Number of All-series Indexes Approach 8,000 and the Market Value of Tracking Products Reach 3.5 Trillion Yuan
2025/3/24 Source: Xinhua Finance
Currently, the total number of Shanghai Stock Exchange's indexes across various series is nearly 8,000, and the market value of tracking products has reached 3.5 trillion yuan, marking an annual increase of about 80% in 2024 and attracting more than 1 trillion yuan into the A-share market through ETFs. Recently, to elevate index investing to a new level, the SSE has completed a mid-term update of its Action Plan.
https://english.sse.com.cn/news//newsrelease/c/c_20250327_10776453.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 | 1692 | 45.51 | 477.65 | -11.59 |
| STAR Market | 586 | 6.80 | 118.67 | -27.33 |
| Total (A Shares) | 2278 | 52.30 | 596.31 | -15.24 |
Index Performance
Note: the indexes are rebased to Feb 28, 2025
| Indexes | Closing Price | Monthly Performance | YTD Performance | PE* |
|---|---|---|---|---|
| SSE Composite | 3335.75 | 0.45 | -0.48 | 14.19 |
| SSE 50 | 2665.65 | 1.01 | -0.71 | 11.13 |
| SSE 180 | 8509.18 | 0.04 | -1.54 | 11.73 |
| STAR 50 | 1022.71 | -5.20 | 3.42 | 38.60 |
| CSI 300 | 3887.31 | -0.07 | -1.21 | 13.26 |
*Based on previous year's annual report, excluding loss-making companies
Capital Raised through IPO
| Market | 2025 March | 2025 Total | ||
|---|---|---|---|---|
| No. of IPO | Capital Raised (RMB bn) | No. of IPO | Capital Raised (RMB bn) | |
| SSE Main Board | 3 | 2.16 | 4 | 2.97 |
| STAR Market | 1 | 0.37 | 5 | 3.18 |
| Total | 4 | 2.53 | 9 | 6.15 |
Shanghai-Hong Kong Stock Connect
| Average Daily Trading Value (RMB bn) | MoM Change (%) | |
|---|---|---|
| Northbound | 88.81 | -8.63 |
| Southbound | 73.44 | -18.33 |
Bond Market Overview
| Bond Types | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Treasury bonds | 1204 | 3.17 | 15.15 | 22.66 |
| Local government bonds | 1831.33 | 3.65 | 2.58 | 41.55 |
| Financial bonds | 76.64 | -0.13 | 0.04 | 13.22 |
| Corporate bonds & Enterprise bonds | 12817.33 | -0.43 | 65.40 | 42.90 |
| Convertible bonds | 519.60 | -2.11 | 27.34 | -12.71 |
| Asset-backed securities | 1559.54 | -0.66 | 4.02 | 68.55 |
| Total | 18008.44 | 0.14 | 114.53 | 22.26 |
Fund Market Overview
| Fund Types | No. of Listed Products | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|---|
| ETF | 659 | 2749 | 0.38 | 181.40 | -7.51 |
| LOF | 118 | 8.59 | -2.38 | 0.15 | -33.17 |
| REITs | 43 | 126.24 | 5.30 | 0.54 | -18.46 |
| Total | 820 | 2883.82 | 0.58 | 182.09 | -7.58 |
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 | 78.89 | 72.16 | 1.24 | 0.72 | 0.51 |
| CSI 300 ETF Options | 0.98 | 84.63 | 78.37 | 1.13 | 0.64 | 0.48 |
| CSI 500 ETF Options | 1.32 | 89.32 | 88.73 | 0.92 | 0.49 | 0.43 |
| ChinaAMC STAR 50 ETF Options | 1.06 | 76.77 | 67.91 | 1.55 | 0.93 | 0.63 |
| E FUND STAR 50 ETF Options | 0.50 | 118.87 | 78.23 | 0.42 | 0.26 | 0.16 |
SSE New Listed Companies
| Code | Name | Industry | Market Cap. (RMB bn) | PE (TTM) | Listing Day Performance (%) |
|---|---|---|---|---|---|
| Main Board | |||||
| 603124.SH | Jiangxi Jiangnan New Material Technology Co., Ltd. | Electronic Components | 6.55 | 37.17 | 606.83 |
| 603271.SH | Yong Jie New Material Co.,Ltd. | Aluminum | 7.85 | 24.56 | 124.42 |
| 603409.SH | Hefei Conver Holding Co.,Ltd. | Auto Parts & Equipment | 4.86 | 28.97 | 110.13 |
| STAR Market | |||||
| 688757.SH | Wintech Nano (Suzhou) Co., Ltd. | Research & Consulting Services | 9.59 | 118.19 | 202.42 |
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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