Shanghai Stock Exchange
Newsletter - September 2025
Newsletter - September 2025
Source: SSE, Wind, as of September 30, 2025
SSE Monthly News Highlights
SSE and Singapore Exchange Co-host the Shanghai-Singapore In-depth Cooperation Exchange Forum to Explore New Opportunities for Capital Market Collaboration
2025/9/5
On September 5th, the SSE and the Singapore Exchange (SGX) jointly held the "Shanghai-Singapore In-depth Cooperation Exchange Forum" at the SSE. Nearly 70 listed companies from the Shanghai market and institutions from both regions actively participated.
https://english.sse.com.cn/news/newsrelease/c/c_20250908_10790871.shtml
China Breaks into Top 10 of Global Innovation Index for the First Time
2025/9/16 Source: Global Times
China has entered the top 10 of the Global Innovation Index (GII) for the first time, according to the 2025 edition released by a UN body on Tuesday. The country also retained its lead among middle-income economies, supported by continued strength in R&D spending, high-tech exports and innovation outputs.
https://english.sse.com.cn/news/newsrelease/voice/c/c_20250918_10791904.shtml
SSE and Muscat Stock Exchange Signed a Memorandum of Understanding
2025/9/18
Recently, the SSE and the Muscat Stock Exchange of Oman (MSX) signed a Memorandum of Understanding (MoU), witnessed by senior representatives from the SSE and the Oman Investment Authority, the country s sovereign wealth fund. According to the MoU, the SSE and the MSX plan to cooperate in areas such as market promotion, information exchange, and personnel exchanges. The implementation of this partnership will further strengthen the SSE s ties with major exchanges in the Middle East and promote cooperation between the two capital markets.
https://english.sse.com.cn/news//newsrelease/c/c_20250922_10792382.shtml
China's First Foreign-Invested Consumer REITs Project Listed on SSE
2025/9/29
On the occasion of the 35th anniversary of the establishment of diplomatic relations between China and Singapore, the CapitaLand Commercial REIT was listed on the SSE on September 29. It is the first consumer REIT in China initiated and established by an international asset management company. This represents a concrete practice and vivid example of the SSE, under the guidance of the China Securities Regulatory Commission (CSRC), in continuously advancing the opening-up of China's capital market. It marks a key step in the internationalization and diversification of China's REITs market and provides an exemplary model for foreign institutions to participate deeply in China's REITs market.
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 | 1695 | 52.30 | 766.33 | 4.85 |
| STAR Market | 589 | 10.04 | 265.69 | 17.84 |
| Total (A Shares) | 2284 | 62.34 | 1032.01 | 7.91 |
Index Performance
Note: the indexes are rebased to August 29, 2025
| Indexes | Closing Price | Monthly Performance | YTD Performance | PE* |
|---|---|---|---|---|
| SSE Composite | 3882.78 | 0.64 | 15.84 | 15.85 |
| SSE 50 | 2988.94 | 0.42 | 11.33 | 11.42 |
| STAR 50 | 1495.29 | 11.48 | 51.20 | 70.00 |
| CSI 300 | 4640.69 | 3.20 | 17.94 | 14.69 |
| CSI 500 | 7412.37 | 5.23 | 29.46 | 28.67 |
*Based on previous year's annual report, excluding loss-making companies
Capital Raised through IPO
| Market | 2025 September | 2025 Total | ||
|---|---|---|---|---|
| No. of IPO | Capital Raised (RMB bn) | No. of IPO | Capital Raised (RMB bn) | |
| SSE Main Board | 2 | 3.05 | 17 | 37.28 |
| STAR Market | 0 | 0 | 8 | 8.12 |
| Total | 2 | 3.05 | 25 | 45.40 |
Shanghai-Hong Kong Stock Connect
| Average Daily Trading Value (RMB bn) | MoM Change (%) | |
|---|---|---|
| Northbound | 145.60 | 3.26 |
| Southbound | 97.92 | 1.92 |
Bond Market Overview
| Bond Types | Market Value (RMB bn) | MoM Change (%) | Average Daily Trading Value (RMB bn) | MoM Change (%) |
|---|---|---|---|---|
| Treasury bonds | 1294.01 | 1.46 | 35.28 | 6.46 |
| Local government bonds | 2155.07 | 8.98 | 2.16 | 12.00 |
| Financial bonds | 56.00 | -17.85 | 0.19 | 981.00 |
| Corporate bonds & Enterprise bonds | 13483.86 | 1.02 | 69.57 | 19.00 |
| Convertible bonds | 484.00 | -4.07 | 45.42 | 3.08 |
| Asset-backed securities | 1601.01 | -1.17 | 4.08 | 40.61 |
| Total* | 19073.95 | 1.49 | 156.71 | 11.52 |
*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 | 760 | 3988.53 | 7.92 | 342.65 | 9.93 |
| LOF | 119 | 10.47 | -0.66 | 0.26 | -1.31 |
| REITs | 51 | 148.49 | 2.58 | 0.39 | -26.88 |
| Total | 930 | 4147.48 | 7.69 | 343.30 | 9.86 |
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 | 1.26 | -15.39 | 82.64 | 1.34 | -6.38 | 76.58 |
| CSI 300 ETF Options | 1.43 | -2.00 | 102.12 | 1.12 | -9.40 | 102.44 |
| CSI 500 ETF Options | 1.98 | 3.35 | 104.25 | 1.08 | -11.59 | 127.83 |
| ChinaAMC STAR 50 ETF Options | 2.20 | 31.42 | 84.62 | 1.80 | -5.59 | 109.60 |
| E FUND STAR 50 ETF Options | 0.45 | 13.28 | 73.56 | 0.48 | -12.45 | 98.00 |
SSE New Listed Companies
| Code | Name | Industry | Market Cap. (RMB bn) | PE (TTM) | Listing Day Performance (%) |
|---|---|---|---|---|---|
| Main Board | |||||
| 603418.SH | Shanghai Unison Aluminium Products Co., Ltd. | Automobiles & Components | 12.40 | 25.88 | 71.48 |
| 603370.SH | Jiangyin Huaxin Precision Technology Corporation | Capital Goods | 9.14 | 55.46 | 272.58 |
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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