EFT-05A China’s Stock Market.pptVIP

Unit of measure * Footnote Source: Source Working Draft - Last Modified 26.06.2007 21:39:06 ? ? ● English for Finance Trade 2012 CONFIDENTIAL Document Date This report is solely for the use of client personnel. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from McKinsey Company. This material was used by McKinsey Company during an oral presentation; it is not a complete record of the discussion. Working Draft 2012 Unit 5 （A） China’s Stock Market English for Finance Trade Prepared by Shen Xiaotao, SWUN Learning Objective After learning this, you’ll be able to: make a brief introduction to China’s stock market. Introduction 1. Stock exchanges 2. Different types of shares 3. Size of the stock market 4. Growth Enterprise Market 5. Your view on the future of the stock market Introduction 1. Stock exchanges --How many stock exchanges are there in mainland China? --When were the stock exchanges established? -- In the beginning, how many companies were listed on the stock exchanges? In December 1990 and July 1991, two stock exchanges, the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) were established. By the end of 1991, 14 companies had been listed on the two stock exchanges. This marked the stock market’s entry into the Chinese economic system officially. Introduction 2. Different types of shares -- What are the main types of shares issued by Chinese companies? -- What is the difference between A shares and B shares? -- What is the function of B shares? -- What are H shares? Introduction Different types of shares Since China’s two stock exchanges were established, two main types of shares are offered by Chinese companies: A shares and B shares. ● A shares: companies incorporated in mainland China an