If you want to keep up with the Chinese stock market, you should look up the Shanghai Composite Index. This index tracks the largest Chinese public companies, and it’s one of the most closely watched benchmarks globally. Although it’s created to track the performance of China’s most important companies, it’s also one of the most commonly used metrics by investors, who use the SSE to gauge the health of the entire Chinese economy.
Listed on the Shanghai Stock Exchange, the Shanghai Composite is a measure of the performance of the Chinese stock market. It is denominated in the Chinese yuan (CNY) and updated hourly. As of December 31, 1969, the Shanghai Composite index was valued at 0.00. However, there are some risks to this measure. Because the index is so volatile, investors should avoid investing in it unless they’re familiar with its volatility.
The first IPO on the Shanghai Stock Exchange was in 1866, and trading began in that same year. This market value reached a high in 2001 before falling to its lowest level four years later. However, a monetary panic in the early 2000s caused a massive speculative bubble, resulting in speculation in Chinese companies. The crisis began in Hong Kong, and the People’s Republic of China took over the exchange in 1949.
The Shanghai Composite Exchange has been around since 1893, when foreign businessmen first founded the city’s first exchange system. In 1891, it was re-established as the Shanghai Stock Exchange. In the first decade of the 20th century, private shares were dominated by banks and companies. By the end of the century, however, rubber plantations were a common staple of the stock market. So, in this article, we will look at the history of the Shanghai Composite Exchange and how it came to be.