Shanghai Stock Exchange
Newsletter - July 2025
Newsletter - July 2025
Source: SSE, Wind, as of July 31, 2025
SSE Monthly News Highlights
SSE Held ESG Capacity Building Training Session for Listed Companies
2025/7/10
In line with the action plan to enhance the quality of sustainable information disclosure and ESG ratings of companies listed on the SSE, and to facilitate direct engagement between SSE-listed companies and international investors and rating institutions, the SSE held a training session on July 9. Representatives from Norges Bank Investment Management and MSCI were invited as guest lecturers. The event attracted participation from more than 30 listed companies.
http://english.sse.com.cn/news//newsrelease/c/c_20250711_10784613.shtml
SSE Released Guidelines on Setting up a Growth Tier within the STAR Market
2025/7/13, Source: Global Times
The SSE released guidelines on setting up a growth tier on the STAR Market, which came less than a month after the CSRC announcement on June 18. Highlighting better support for high-quality tech enterprises that are not profitable yet, the new reform doesn't come up with extra thresholds for the inclusion of unprofitable enterprises in the growth tier. The 32 existing unprofitable enterprises will be included in the growth tier the day after the implementation of the guidelines, while newly registered unprofitable enterprises will enter from the date of their listing.
http://english.sse.com.cn/news/newsrelease/voice/c/c_20250714_10784825.shtml
SSE and B3 ETF Connectivity Achieves Further Progress
2025/7/15
The SSE announced further progress in its ETF connectivity collaboration with the B3. Itau Asset Management successfully launched a fund tracking the China A50 ETF, continuously deepening the cooperation between the capital markets of China and Brazil.
http://english.sse.com.cn/news//newsrelease/c/c_20250717_10785725.shtml
SSE Successfully Concludes International Roadshow Targeting Southeast Asian Markets
2025/7/21
Since May, the SSE has successfully hosted 4 international roadshow titled "Focus on SSE C Southeast Asian Markets". The roadshows offered a comprehensive view of the development potential and investment opportunities in China's capital markets. In total, the 4 events attracted participation from over 100 investment institutions across Southeast Asia, including Singapore, Malaysia, Thailand, Indonesia, and Vietnam.
http://english.sse.com.cn/news//newsrelease/c/c_20250723_10786281.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 | 49.48 | 556.56 | 34.19 |
| STAR Market | 589 | 7.71 | 121.84 | 27.51 |
| Total (A Shares) | 2282 | 57.19 | 678.40 | 32.94 |
Index Performance
Note: the indexes are rebased to June 30, 2025
| Indexes | Closing Price | Monthly Performance | YTD Performance | PE* |
|---|---|---|---|---|
| SSE Composite | 3573.21 | 3.74 | 6.61 | 14.66 |
| SSE 50 | 2775.99 | 2.36 | 3.40 | 11.09 |
| STAR 50 | 1047.87 | 4.43 | 5.96 | 50.40 |
| CSI 300 | 4075.59 | 3.54 | 3.58 | 13.40 |
| CSI 500 | 6226.34 | 5.26 | 8.74 | 24.34 |
*Based on previous year's annual report, excluding loss-making companies
Capital Raised through IPO
| Market | 2025 July | 2025 Total | ||
|---|---|---|---|---|
| No. of IPO | Capital Raised (RMB bn) | No. of IPO | Capital Raised (RMB bn) | |
| SSE Main Board | 2 | 18.72 | 14 | 33.29 |
| STAR Market | 1 | 2.50 | 8 | 8.12 |
| Total | 3 | 21.21 | 22 | 41.41 |
Shanghai-Hong Kong Stock Connect
| Average Daily Trading Value (RMB bn) | MoM Change (%) | |
|---|---|---|
| Northbound | 100.49 | 41.46 |
| Southbound | 92.26 | 19.67 |
Bond Market Overview
| Bond Types | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Treasury bonds | 1244.70 | -0.27 | 24.59 | -0.17 |
| Local government bonds | 1948.56 | -0.73 | 1.48 | -9.27 |
| Financial bonds | 68.43 | -10.64 | 0.03 | 188.27 |
| Corporate bonds & Enterprise bonds | 13220.86 | 0.99 | 69.51 | -10.03 |
| Convertible bonds | 496.13 | 1.06 | 35.27 | 52.87 |
| Asset-backed securities | 1592.10 | 1.15 | 3.66 | -23.56 |
| Total* | 18570.79 | 0.69 | 134.54 | 2.40 |
*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 | 719 | 3354.07 | 6.57 | 242.79 | 24.4 |
| LOF | 119 | 9.97 | 6.98 | 0.24 | -47.92 |
| REITs | 47 | 140.95 | 3.49 | 0.46 | -1.93 |
| Total | 885 | 3505 | 6.44 | 243.49 | 24.16 |
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 | 1.28 | 29.78 | 82.42 | 1.37 | 19.15 | 87.58 |
| CSI 300 ETF Options | 1.28 | 46.36 | 81.51 | 1.23 | 13.16 | 91.67 |
| CSI 500 ETF Options | 1.41 | 6.88 | 80.83 | 1.23 | 18.72 | 102.36 |
| ChinaAMC STAR 50 ETF Options | 0.87 | 57.59 | 54.03 | 1.84 | 43.91 | 63.66 |
| E FUND STAR 50 ETF Options | 0.19 | 24.13 | 51.14 | 0.53 | 42.71 | 68.21 |
SSE New Listed Companies
| Code | Name | Industry | Market Cap. (RMB bn) | PE (TTM) | Listing Day Performance (%) |
|---|---|---|---|---|---|
| Main Board | |||||
| 603262.SH | TSI Group Co., Ltd. | Health Care | 12.02 | 67.53 | 274.54 |
| 600930.SH | Huadian New Energy Group Corporation Limited | Utilities | 266.71 | 29.66 | 125.79 |
| STAR Market | |||||
| 688729.SH | Beijing E-Town Semiconductor Technology Co., Ltd. | Information Technology | 62.01 | 94.49 | 174.56 |
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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