SZSE

SZSE, or Shenzhen Stock Exchange, is a stock market located in Shenzhen, Guangdong Province, China. It was established in 1990 as part of China's effort to develop its capital markets and operates alongside the Shanghai Stock Exchange as one of the mainland’s two primary exchanges for listed equities.

The exchange is overseen by the China Securities Regulatory Commission (CSRC) and has developed a three-board market structure to accommodate different company profiles. The Main Board lists larger, typically more established firms; the SME Board targets small and medium-sized enterprises; and the ChiNext board, launched in 2009, focuses on innovative and high-growth companies. SZSE handles the listing, trading, and settlement of securities on its platforms and supports various investment channels for domestic and qualified foreign investors.

Market access and participation are facilitated through several channels. Domestic investors trade in yuan on SZSE using a T+1 settlement system, while foreign participation is enabled through programs such as the Stock Connect schemes with Hong Kong. The Shenzhen-Hong Kong Stock Connect, initiated in 2016, broadens access to SZSE-listed A-shares for international investors and provides mainland access to Hong Kong investors.

Key market indices associated with SZSE include the SZSE Composite Index, which tracks all listed securities on the exchange; the SZSE Component Index, representing the larger and more liquid companies; and the ChiNext Index, reflecting performance of the ChiNext board. In addition to equity trading, SZSE supports other instrument types, including mutual funds and exchange-traded products.

SZSE plays a central role in China’s effort to foster innovation and growth by providing a platform for capital formation and by integrating domestic markets with international investors.