Shanghai Stock Exchange
Newsletter - April 2025
Newsletter - April 2025
Source: SSE, Wind, as of April 30, 2025
SSE Monthly News Highlights
SSE Issues Self-regulatory Rules to Promote Comprehensive Program Trading Oversight
2025/4/3
SSE recently issued the Implementation Rules on Program Trading Regulation, and is soliciting comments on supporting business rules. The rule package aims to foster comprehensive and strict oversight of program trading, promote its development in a regulated manner, maintain order and fairness of the securities trading market, and protect the legitimate rights and interests of investors.
http://english.sse.com.cn/news//newsrelease/c/c_20250408_10776902.shtml
Chinese Economy Firms Up Recovery in Q1, Ready to Navigate Uncertainties
2025/4/16 Source:Xinhua
China's economy started 2025 on solid footing, bolstered by a structural shift toward domestic demand and innovation, positioning the country to better weather global uncertainties.
http://english.sse.com.cn/news/newsrelease/voice/c/c_20250417_10777293.shtml
Steady Progress Summary of 2024 Annual Reports of Companies on SSE Main Board
2025/4/30
As of April 30, 2025, companies listed on SSE Main Board have completed disclosure of their 2024 annual reports. Data shows that the SSE Main Board has once again shown stable foundation and strong resilience thanks to the strong support of a package of new policies. The positive and promising strokes painted each listed company are collectively illustrating the stable structure of China's grand economic pattern.
http://english.sse.com.cn/news//newsrelease/c/c_20250514_10778825.shtml
Striving for Innovation and Quality A Look at Operating Performance of SSE STAR Market Companies in 2024
2025/4/30
As of April 30, 2025, all 586 companies listed on the SSE STAR Market have disclosed their major operating performance for 2024. Faced with a complex and ever-changing external environment, companies listed on the STAR Market remain steadfast in their commitment to innovation-driven development. They have forged ahead and overcome challenges by making key breakthroughs and strengthening industrial chains, and have driven high-quality development in key industries such as integrated circuits, artificial intelligence, innovative medicine, and advanced manufacturing, contributing to the accelerated development of new quality productive forces and China's high-level self-reliance and strength in science and technology.
http://english.sse.com.cn/news//newsrelease/c/c_20250512_10778625.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 | 1694 | 44.74 | 421.27 | -11.80 |
| STAR Market | 586 | 6.72 | 94.38 | -20.47 |
| Total (A Shares) | 2280 | 51.46 | 515.64 | -13.53 |
Index Performance
Note: the indexes are rebased to March 31, 2025
| Indexes | Closing Price | Monthly Performance | YTD Performance | PE* |
|---|---|---|---|---|
| SSE Composite | 3279.03 | -1.70 | -2.17 | 13.92 |
| SSE 50 | 2633.16 | -1.22 | -1.92 | 11.03 |
| SSE 180 | 8390.97 | -1.39 | -2.90 | 11.60 |
| STAR 50 | 1012.42 | -1.01 | 2.37 | 37.75 |
| CSI 300 | 3770.57 | -3.00 | -4.18 | 12.92 |
*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 | 4 | 5.43 | 8 | 8.40 |
| STAR Market | 0 | 0 | 5 | 3.18 |
| Total | 4 | 5.43 | 13 | 11.58 |
Shanghai-Hong Kong Stock Connect
| Average Daily Trading Value (RMB bn) | MoM Change (%) | |
|---|---|---|
| Northbound | 84.95 | -4.35 |
| Southbound | 73.86 | 0.58 |
Bond Market Overview
| Bond Types | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Treasury bonds | 1216.46 | 1.04 | 18.25 | 20.41 |
| Local government bonds | 1946.52 | 6.29 | 2.23 | -13.55 |
| Financial bonds | 76.63 | -0.01 | 0.01 | -78.26 |
| Corporate bonds & Enterprise bonds | 12934.39 | 0.91 | 60.38 | -7.68 |
| Convertible bonds | 510.98 | -1.66 | 23.09 | -15.53 |
| Asset-backed securities | 1539.23 | -1.30 | 3.94 | -2.21 |
| Total | 18224.21 | 1.20 | 107.88 | -5.80 |
Fund Market Overview
| Fund Types | No. of Listed Products | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|---|
| ETF | 680 | 2961.56 | 7.73 | 186.10 | 2.59 |
| LOF | 118 | 8.86 | 3.16 | 0.73 | 395.76 |
| REITs | 43 | 125.77 | -0.37 | 0.50 | -7.19 |
| Total | 841 | 3096.19 | 7.36 | 187.34 | 2.88 |
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 | 1.03 | 86.77 | 78.89 | 1.20 | 0.63 | 0.57 |
| CSI 300 ETF Options | 0.98 | 89.01 | 84.63 | 1.05 | 0.57 | 0.48 |
| CSI 500 ETF Options | 1.22 | 96.67 | 89.32 | 1.02 | 0.52 | 0.50 |
| ChinaAMC STAR 50 ETF Options | 0.88 | 89.57 | 76.77 | 1.35 | 0.77 | 0.58 |
| E FUND STAR 50 ETF Options | 0.25 | 94.00 | 118.87 | 0.38 | 0.21 | 0.17 |
SSE New Listed Companies
| Code | Name | Industry | Market Cap. (RMB bn) | PE (TTM) | Listing Day Performance (%) |
|---|---|---|---|---|---|
| 603202.SH | Heilongjiang Tianyouwei Electronics Co., Ltd. | Auto Parts & Equipment | 15.84 | 13.82 | 24.06 |
| 603120.SH | Kente Catalysts Inc. | Specialty Chemicals | 3.20 | 33.19 | 226.00 |
| 603210.SH | Zhejiang Tion Vanly Tech. Co., Ltd. | Auto Parts & Equipment | 6.91 | 37.71 | 253.95 |
| 603257.SH | China Nerin Engineering Co., Ltd | Research & Consulting Services | 5.63 | 35.76 | 386.84 |
Edited by LI Tianfang, 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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