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| Note: the indexes are rebased to June 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||
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| *Based on previous year's annual report, excluding loss-making companies | ||||||||||||||||||||||||||||||||||||||||||
| Equity Market Overview | ||||||||||||||||||||||||||||||||||||||||||
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| Shanghai-Hong Kong Stock Connect | ||||||||||||||||||||||||||||||||||||||||||
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| Bond Market Overview | ||||||||||||||||||||||||||||||||||||||||||
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| *Bond repo not included | ||||||||||||||||||||||||||||||||||||||||||
| Fund Market Overview | ||||||||||||||||||||||||||||||||||||||||||
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| Derivatives Market Overview | ||||||||||||||||||||||||||||||||||||||||||
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| [Policy]Modified Trading Rules for Chinese A-shares Take Effect | ||||||||||||||||||||||||||||||||||||||||||
| 2026/07/06 | ||||||||||||||||||||||||||||||||||||||||||
| The revised trading rules on China's Shanghai, Shenzhen and Beijing stock exchanges took effect on July 6, with the changes focusing on expanding after-hours trading, unifying price limits for special treatment stocks and optimizing closing mechanisms to improve market pricing efficiency and liquidity. For investors, two major changes warrant attention. First, after-hours fixed-price trading has been expanded to cover all A-shares and exchange-traded funds (ETFs). Second, the daily price limits for the main-board stocks under special treatment (ST) or risk warning status have been raised from 5 percent to 10 percent. |
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| https://english.sse.com.cn/news/newsrelease/voice/c/c_20260708_10824778.shtml | ||||||||||||||||||||||||||||||||||||||||||
| [Enforcement]CSRC Holds Cross-Agency Training on Combating Financial Fraud | ||||||||||||||||||||||||||||||||||||||||||
| 2026/07/17 | ||||||||||||||||||||||||||||||||||||||||||
| The China Securities Regulatory Commission (CSRC) organized a cross-agency training program on combating financial fraud in the capital market, bringing together more than 200 officials from securities regulation, law enforcement, judicial and other authorities to strengthen regulatory coordination and enforcement capabilities. The CSRC also highlighted progress under its latest anti-financial fraud campaign. Since April, 47 major cases have been handled. Since 2024, authorities have investigated 247 financial fraud cases, imposed 156 administrative penalties, referred 134 suspected criminal cases to public security authorities, and delisted 21 companies for serious fraud, reinforcing efforts to enhance market integrity and investor protection. |
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| http://www.csrc.gov.cn/csrc/c100028/c7646105/content.shtml (original source in Chinese) | ||||||||||||||||||||||||||||||||||||||||||
| [Events]CSRC Holds Stakeholder Symposiums on Capital Market Development | ||||||||||||||||||||||||||||||||||||||||||
| 2026/07/20 | ||||||||||||||||||||||||||||||||||||||||||
| The CSRC held a series of symposiums with investors, listed companies, financial institutions, and academics to gather feedback on promoting the high-quality development of China's capital markets. Discussions focused on strengthening market institutions, improving long-term capital mechanisms, enhancing corporate governance, regulating quantitative trading, and improving market stabilization measures. The CSRC said it will study the recommendations and continue to improve market infrastructure, investor protection, and regulatory frameworks to support the long-term, stable development of the capital market. | ||||||||||||||||||||||||||||||||||||||||||
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http://www.csrc.gov.cn/csrc/c100028/c7646232/content.shtml (original source in Chinese) http://www.csrc.gov.cn/csrc/c100028/c7646684/content.shtml (original source in Chinese) |
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| [Events]SSE Holds ESG Training Session for Listed Companies | ||||||||||||||||||||||||||||||||||||||||||
| 2026/07/23 | ||||||||||||||||||||||||||||||||||||||||||
| The SSE hosted the sixth edition of its "Dialogue with International Investors: Empowering Listed Companies through ESG" event, bringing together sustainability experts from Norges Bank Investment Management, Neuberger Berman, and S&P Global to share insights with SSE-listed companies. The event engaged nearly 90 listed companies. The event aims to connect listed companies with long-term international investors and global rating agencies, helping enhance corporate governance and ESG disclosure while strengthening their appeal to global long-term capital. The year 2025 is the first year of mandatory ESG reporting for SSE-listed companies. As of April 30 this year, a total of 1,384 SSE-listed companies had published standalone ESG-related reports, bringing the disclosure rate to 59.7%, an increase of 1.5 percentage points YoY and a new record high. |
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| https://english.sse.com.cn/news//newsrelease/c/c_20260727_10826847.shtml | ||||||||||||||||||||||||||||||||||||||||||
| [Events]SSE Highlights STAR Market’s Seven-Year Journey and Investment Opportunities | ||||||||||||||||||||||||||||||||||||||||||
| 2026/07/23 | ||||||||||||||||||||||||||||||||||||||||||
| The SSE recently held international investor outreach activities, including an online roadshow and a Hong Kong institutional roundtable, to showcase the STAR Market’s development and investment opportunities. Discussions covered STAR Market reforms, innovation sectors, investment channels, and index products. Seven years after launch, the STAR Market has become a key platform supporting China’s innovation-driven growth. As of July 24, the STAR Market had attracted 611 listed companies, with total IPO and refinancing proceeds exceeding RMB 1.2 trillion. These companies have invested nearly RMB 900 billion in R&D, maintaining an R&D intensity of around 13% for seven consecutive years, the highest among all A-share market segments. |
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| [Products]CXMT Debuts as Most Valuable A-share Stock | ||||||||||||||||||||||||||||||||||||||||||
| 2026/07/27 | ||||||||||||||||||||||||||||||||||||||||||
| China's leading memory chipmaker, ChangXin Memory Technologies (CXMT), made a blockbuster debut on SSE STAR Market on July 27, becoming the most valuable stock on China's A-share market - surpassing US chipmaker Intel in market capitalization. On its IPO debut, CXMT's market capitalization hit 3.66 trillion yuan ($541 billion) by the midday break, as its shares soared 531 percent from their IPO price of 8.66 yuan to 54.65 yuan. The valuation exceeded Intel's market capitalization of $465.6 billion based on its July 24 closing price, according to market tracker Wind Info. Domestically, CXMT surpassed Industrial and Commercial Bank of China as the largest listed company by market value in the A-share market, underscoring growing investor enthusiasm for the country's semiconductor sector amid efforts to strengthen domestic chipmaking capabilities. | ||||||||||||||||||||||||||||||||||||||||||
| https://english.sse.com.cn/news/newsrelease/voice/c/c_20260729_10827111.shtml | ||||||||||||||||||||||||||||||||||||||||||
| Source: SSE, Wind, as of July 31, 2026. | ||||||||||||||||||||||||||||||||||||||||||
| Global Investor Services Team Dept. of International Affairs Shanghai Stock Exchange | 上海证券交易所 |
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