Shanghai Stock Exchange
Newsletter - August 2025
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Source: SSE, Wind, as of August 31, 2025
SSE Monthly News Highlights
Consumption & Technology Reshapes Growth Drivers - SSE Listed Companies Complete 2025 Semi-annual Report Disclosure
2025/8/30
As of August 30, 2025, companies listed on the SSE have completed the disclosure of their 2025 semi-annual reports. Data shows that with the incremental policies effect being further released, the growth drivers underpinned by consumption and led by technology have become increasingly clear. The high-quality development of listed companies is transitioning through phases of connection and integration, presenting a new pattern that is more balanced and sustainable.
https://english.sse.com.cn/news//newsrelease/c/c_20250902_10790375.shtml
Streamline Filings and Announcements: SSE Revises Self-Regulatory Guides for Listed Companies
2025/8/27
SSE recently revised the guides to listed companies on format of announcements and business procedures. The revision incorporates feedback and suggestions collected during extensive visits to listed companies, significantly simplifying filing documents, streamlining announcement content, and improving the user-friendliness of announcement formats. According to estimates, the number of required reference documents for listed companies will decrease by more than 50% following the rule revision.
https://english.sse.com.cn/news//newsrelease/c/c_20250828_10789984.shtml
SSE Hosts Online International Roadshow Marking the Sixth Anniversary of the STAR Market
2025/8/20
To promote awareness of the 1+6 reform policies of the STAR Market and enhance international investors understanding of the market and its representative listed companies, SSE recently held a special online roadshow themed Focus on SSE C Sixth Anniversary of the STAR Market . Nearly 50 firms from major markets in North America, Europe, and the Asia-Pacific region participated. The event featured presentations on the latest developments, reform policies, and index investing in the STAR Market. The event also set up a discussion session between founders and CEOs of four companies listed on the STAR Market and international investors.
https://english.sse.com.cn/news/newsrelease/c/c_20250821_10789227.shtml
SSE Publishes ESG Practice in Two Decades Guided by "Two Mountains" Philosophy
2025/8/15
August 15, 2025 marks the 20th anniversary of the birth of the "Two Mountains" philosophy (The literal translation of the original Chinese phrase is "clear waters and green mountains are as good as mountains of gold and silver"), which holds the belief that "lucid waters and lush mountains are invaluable assets". To celebrate this milestone, the SSE publishes SSE ESG Practice in Two Decades Guided by "Two Mountains" Philosophy (the "ESG Practice"), to share with the market the SSE progress on the ESG front in the past two decades. The pulication is available in English.
https://english.sse.com.cn/news//newsrelease/c/c_20250815_10788643.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 52.53 730.88 31.32
STAR Market 589 9.34 225.46 85.04
Total (A Shares) 2283 61.87 956.34 40.97
Index Performance
Index Performance
Note: the indexes are rebased to July 31, 2025
Indexes Closing Price Monthly Performance YTD Performance PE*
SSE Composite 3857.93 7.97 15.10 15.72
SSE 50 2976.47 7.22 10.87 11.52
STAR 50 1341.31 28.00 35.63 59.44
CSI 300 4496.76 10.33 14.28 14.49
CSI 500 7043.94 13.13 23.02 27.24
*Based on previous year's annual report, excluding loss-making companies
Capital Raised through IPO
Market 2025 August 2025 Total
No. of IPO Capital Raised (RMB bn) No. of IPO Capital Raised (RMB bn)
SSE Main Board 1 0.94 15 34.23
STAR Market 0 0 8 8.12
Total 1 0.94 23 42.35
Shanghai-Hong Kong Stock Connect
Average Daily Trading Value (RMB bn) MoM Change (%)
Northbound 141.00 40.32
Southbound 96.08 4.14
Bond Market Overview
Bond Types Market Value (RMB bn) MoM Change (%) Average Daily Trading Value (RMB bn) MoM Change (%)
Treasury bonds 1275.40 2.47 33.14 34.77
Local government bonds 1977.44 1.48 1.93 30.11
Financial bonds 68.17 -0.38 0.02 -48.11
Corporate bonds & Enterprise bonds 13348.29 0.96 58.46 -15.89
Convertible bonds 504.53 1.69 44.07 24.93
Asset-backed securities 1619.96 1.75 2.90 -20.57
Total* 18793.79 1.20 140.52 4.44
*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 736 3695.92 10.19 311.69 28.38
LOF 119 10.54 5.66 0.26 9.85
REITs 49 144.76 2.70 0.54 16.30
Total 904 3851.21 9.88 312.49 28.34
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 1.49 16.70 75.00 1.43 3.99 95.41
CSI 300 ETF Options 1.46 14.42 86.65 1.24 0.38 123.74
CSI 500 ETF Options 1.92 36.42 83.01 1.22 -0.49 132.16
ChinaAMC STAR 50 ETF Options 1.68 92.39 57.36 1.90 3.51 98.34
E FUND STAR 50 ETF Options 0.40 113.05 56.23 0.55 3.69 94.18
SSE New Listed Companies
Code Name Industry Market Cap. (RMB bn) PE (TTM) Listing Day Performance (%)
Main Board
603406.SH Yangzhou Tinfulong Group Co., Ltd. Materials 17.92 39.43 140.68
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
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