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Milestone events for the SZ Stock Exchange (SSE)
Latest Updated by 2004-05-19 08:56:04
  • Established in December 1990.
  • Began to issue B shares Dec. 18, 1990.
  • Began to issue separate Stock A and B indices October 1992.
  • Stock A's trading fees were reduced to 3.5‰ from the previous 5‰ (for investors outside Shenzhen) and 4‰ (for Shenzhen investors) August 1994.
  • Investors were not allowed to sell A shares and funds until the day after they were bought, or the "T+1" mode, beginning Jan.1, 1995 instead of the "T+0" mode, which allowed investors to trade the very day the shares were bought.
  • Began to use an automatic trading system June 2, 1997.
  • The government suspended main-board listings in Shenzhen in 2000 as part of preparations for a board for small and medium-sized enterprises.
  • The SSE published a guideline on QFII (Qualified Foreign Institutional Investor) files December 2002.
  • A system of suspension and termination of listing began May 2003. (SD News)

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