Shanghai Stock Exchange
Newsletter - June 2025
Newsletter - June 2025
Source: SSE, Wind, as of June 30, 2025
SSE Monthly News Highlights
SSE Answers Reporters' Questions on the Draft Rules for SSE STAR Market Reform
2025/6/18
On June 18, China Securities Regulatory Commission released the Opinions on Adding a Science and Technology Innovation Growth Tier to the SSE STAR Market to Enhance Institutional Inclusiveness and Adaptability. As a follow-up, SSE released two draft sets of supporting business rules for collecting public feedback. The relevant person in charge of SSE answered reporters' questions on the formulation of business rules.
http://english.sse.com.cn/news//newsrelease/c/c_20250618_10782285.shtml
2025 Lujiazui Forum | SSE Chairman Qiu Yong: Accelerating the Development of A Coordinated Market Ecosystem for Investment and Financing
2025/6/19
On June 18, Qiu Yong, Chairman of SSE, delivered a keynote speech at the 2025 Lujiazui Forum on the theme of "Promoting Sustainable and Steady Development of the Capital Market". He believes that the capital market plays a crucial role as a hub. The SSE will fully fulfill its mission of accelerating the building of a coordinated market ecosystem for investment and financing, and supporting China's economic and social development.
http://english.sse.com.cn/news//newsrelease/c/c_20250620_10782513.shtml
China's First Rental Housing REIT Follow-on Offering Project Listed on SSE
2025/6/25
On 25 June, the ChinaAMC Beijing Affordable Rental Housing REIT Follow-on Offering project was listed on SSE, which is the first rental housing REIT project in China to conduct successful follow-on offering. It marks the development of the dual-drive pattern of "initial public offering and follow-on offering" in the publicly offered REITs market, showing faster progress in the regular issuance of REITs.
http://english.sse.com.cn/news//newsrelease/c/c_20250627_10783201.shtml
SSE and Astana International Exchange Signed Memorandum of Understanding
2025/6/30
On June 30, SSE signed a Memorandum of Understanding (MOU) with Astana International Exchange (AIX) of Kazakhstan to further strengthen business cooperation and communication between the two capital markets.
http://english.sse.com.cn/news//newsrelease/c/c_20250701_10783574.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 | 1696 | 47.69 | 414.77 | 6.94 |
| STAR Market | 588 | 7.07 | 95.55 | 16.76 |
| Total (A Shares) | 2284 | 52.30 | 510.32 | 8.65 |
Index Performance
Note: the indexes are rebased to May 30, 2025
| Indexes | Closing Price | Monthly Performance | YTD Performance | PE* |
|---|---|---|---|---|
| SSE Composite | 3444.43 | 2.90 | 2.76 | 14.14 |
| SSE 50 | 2711.99 | 1.24 | 1.01 | 10.91 |
| SSE 180 | 8682.86 | 2.02 | 0.47 | 11.52 |
| STAR 50 | 1003.41 | 2.70 | 1.46 | 49.07 |
| CSI 300 | 3936.08 | 2.50 | 0.03 | 13.05 |
*Based on previous year's annual report, excluding loss-making companies
Capital Raised through IPO
| Market | 2025 June | 2025 Total | ||
|---|---|---|---|---|
| No. of IPO | Capital Raised (RMB bn) | No. of IPO | Capital Raised (RMB bn) | |
| SSE Main Board | 3 | 5.08 | 12 | 14.57 |
| STAR Market | 1 | 1.94 | 7 | 5.62 |
| Total | 4 | 7.02 | 19 | 20.19 |
Shanghai-Hong Kong Stock Connect
| Average Daily Trading Value (RMB bn) | MoM Change (%) | |
|---|---|---|
| Northbound | 71.03 | 7.76 |
| Southbound | 77.09 | 26.71 |
Bond Market Overview
| Bond Types | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Treasury bonds | 1248.10 | 3.06 | 24.63 | 9.60 |
| Local government bonds | 1962.94 | 0.59 | 1.63 | 30.45 |
| Financial bonds | 76.58 | 0.00 | 0.01 | 198.19 |
| Corporate bonds & Enterprise bonds | 13091.50 | 0.74 | 77.25 | 23.03 |
| Convertible bonds | 490.91 | -0.64 | 23.07 | 14.12 |
| Asset-backed securities | 1574.06 | -0.07 | 4.78 | 52.50 |
| Total* | 18444.09 | 0.76 | 131.39 | 19.58 |
*Bond repo not included
Fund Market Overview
| Fund Types | No. of Listed Products | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|---|
| ETF | 701 | 3147.37 | 4.81 | 195.18 | 23.21 |
| LOF | 119 | 9.32 | 6.41 | 0.46 | 44.79 |
| REITs | 45 | 136.20 | 2.71 | 0.47 | 22.92 |
| Total | 865 | 3292.89 | 4.72 | 196.10 | 23.25 |
Derivatives Market Overview
| Options | Average Daily No. of Contracts Traded (mn) | MoM Change (%) | Volume Put/Call Ratio (%) | Total Open Interest | MoM Change (%) | Open Interest Put/Call Ratio (%) |
|---|---|---|---|---|---|---|
| SSE 50ETF Options | 0.98 | -0.92 | 93.17 | 1.15 | 1.49 | 89.28 |
| CSI 300 ETF Options | 0.87 | 3.44 | 87.07 | 1.09 | 8.9 | 81.61 |
| CSI 500 ETF Options | 1.32 | 10.92 | 88.83 | 1.04 | -2.25 | 99.15 |
| ChinaAMC STAR 50 ETF Options | 0.55 | 2.85 | 66.75 | 1.28 | 2.88 | 67.43 |
| E FUND STAR 50 ETF Options | 0.15 | -4.13 | 79.87 | 0.37 | -7.42 | 74.18 |
SSE New Listed Companies
| Code | Name | Industry | Market Cap. (RMB bn) | PE (TTM) | Listing Day Performance (%) |
|---|---|---|---|---|---|
| Main Board | |||||
| 603049.SH | Zhongce Rubber Group Co., Ltd. | Tires & Rubber | 39.72 | 11.3 | 6.84 |
| 603382.SH | Haiyang Technology Co., Ltd. | Synthetic Fiber | 5.61 | 32.3 | 386.7 |
| 603400.SH | Suzhou Huazhijie Telecom Co., Ltd. | Electronic Components | 5.25 | 32.8 | 170.98 |
| STAR Market | |||||
| 688775.SH | Arashi Vision Inc. | Electronic Equipment & Instruments | 67.53 | 68.2 | 274.44 |
Edited by LI Tianfang, 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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