Prime Minister learns about the activities of the Shanghai Stock Exchange

According to the special correspondent of VNA, continuing the program of attending the 16th Annual Pioneers Meeting of the World Economic Forum and working in China, on the morning of June 26, Prime Minister Pham Minh Chinh visited the Shanghai Stock Exchange (SSE) to learn about the activities of the Stock Exchange, the international financial center in Shanghai.

Prime Minister Pham Minh Chinh listens to an introduction about the development process of the Shanghai Stock Exchange. Photo: Duong Giang/VNA

The Prime Minister visited and learned about the formation and development process of SSE; the management mechanism of the Shanghai Stock Exchange and Trading Floor; the management and operation model of SSE; the main functions and products of SSE; the capitalization ratio of the economy on the stock market, and trading activities.

In particular, the Prime Minister studied and discussed in depth the mechanisms and policies to create favorable conditions to attract investors and mobilize capital for the economy; experience in upgrading the stock market from a marginal to an emerging market; the relationship between the Stock Exchange and the International Financial Center; the mechanism for monitoring and resolving disputes, etc.

Prime Minister Pham Minh Chinh visits the Shanghai Stock Exchange. Photo: Duong Giang/VNA

Introducing to the Prime Minister and the delegation, the leader of the Shanghai Stock Exchange said that SSE was established and operated since the end of 1990. To date, SSE is the largest and most influential stock exchange in China. SSE plays an important role in China's capital market and is a major financial center in Asia as well as globally, ranking 3rd in the world after the New York Stock Exchange and Nasdaq of the US with a market capitalization value of 7,170 billion USD as of December 2024 with more than 2,000 listed companies.

Prime Minister Pham Minh Chinh works with leaders of the Shanghai Stock Exchange. Photo: Duong Giang/VNA

SSE is affiliated to and managed by the China Securities Regulatory Commission (CSRC), and consists of departments and divisions in charge of issuance, listing supervision, clearing and settlement, trading technology, product development, communications and investor education.

SSE not only connects China's vast capital market but also gradually integrates into the global financial system. In recent years, SSE has promoted internationalization through cooperation with foreign exchanges and implemented connection mechanisms such as the "Shanghai-Hong Kong Connect" and "Shanghai-London Connect"; in addition, SSE also cooperates with major exchanges in Hong Kong (China), Tokyo (Japan), London (UK), Frankfurt (Germany) to attract cross-border investment and listing; attracting global investors to participate in China's capital market.

Prime Minister Pham Minh Chinh works with leaders of the Shanghai Stock Exchange. Photo: Duong Giang/VNA

SSE aims to become a globally influential stock exchange, promote high-quality development of the capital market, and support real economic transformation and innovation, digital transformation and high-tech development, supporting China's "Made in China 2025" strategy.

Members of the Vietnamese delegation attended a working session with the Shanghai Stock Exchange. Photo: Duong Giang/ VNA

Congratulations and appreciation for the fact that SSE has not been established for a long time, but has become the third largest stock exchange in the world; and under the direction of the Party and management of the State, SSE and Shanghai International Financial Center have become the intersection of "2 double circulations", Prime Minister Pham Minh Chinh suggested that SSE and Shanghai International Financial Center support and share with ministries, branches and agencies of Vietnam to build an international financial center in Vietnam; develop the young stock market from a frontier market to an emerging market; experience in managing and operating stock exchanges; experience in developing stock market infrastructure; especially giving comments on mechanisms and policies to create favorable conditions to attract investors and mobilize capital for the economy...

Pham Tiep (Vietnam News Agency)

Source: https://baotintuc.vn/thoi-su/thu-tuong-tim-hieu-hoat-dong-cua-san-giao-dich-chung-khoan-thuong-hai-20250626124315623.htm