Exchange aims for the peak
By Pan Xiaoyi |
December 11, 2010, Saturday
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Print Edition
Print Edition
SHANGHAI Stock Exchange aims to become one of the global major capital markets by 2020 when Shanghai is expected to turn into a world financial hub.
Under its 10-year plan, the exchange also targets to be Asia's largest securities transaction platform. It will deepen cooperation with overseas exchanges and financial institutions, especially stock exchanges in Asia-Pacific and derivative markets in Europe and the United States, to boost its size and its global influence.
By the end of 2009, the bourse's market value had reached 18.5 trillion yuan (US$2.76 trillion), more than seven times the 2.53 trillion yuan at the end of 2002.
Under the plan, the exchange will also build its international board into one of the top markets by 2016 through enticing high-quality overseas companies from the world's major economies and from countries whose trade ties with China are vital.
Under its 10-year plan, the exchange also targets to be Asia's largest securities transaction platform. It will deepen cooperation with overseas exchanges and financial institutions, especially stock exchanges in Asia-Pacific and derivative markets in Europe and the United States, to boost its size and its global influence.
By the end of 2009, the bourse's market value had reached 18.5 trillion yuan (US$2.76 trillion), more than seven times the 2.53 trillion yuan at the end of 2002.
Under the plan, the exchange will also build its international board into one of the top markets by 2016 through enticing high-quality overseas companies from the world's major economies and from countries whose trade ties with China are vital.
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