Milestones

 

SZSE Major Events and Milestones from 1990-2012 (Condensed Version)

 

1990

p        On 1st December, SZSE started operation.

 

1991

p        On 20 March, the computer-assisted trading system developed by SZSE was put into operation. The system provided transaction processing, quotation display, clearing and distribution functions which greatly increased trading efficiency. Quotes transmission network was installed.

p        On 3rd April, SZSE launched its first stock index, which took 3rd April as the base day with a base of 100 points. 

p        On 1st November, Yantian Port Key Construction Bond became the first bond listed on SZSE.

 

1992

p        On 25 February, SZSE put into use the computer-automated order-matching and bidding system, thus making a shift from manual bidding to automatic matching.

p        On 28 February, China Southern Glass Co., Ltd. floated both A-shares and B-shares on SZSE. It was the first company to float B-shares on SZSE.

p        On 6th October, SZSE released B-share Index which closed the day at 140.9060 points.

 

1993

p        On 3rd January, SZSE put into use its new trading floor which increased the number of trading seats from the previous 32 to 210 and daily matching capacity from the previous 20,000 deals per day to 60,000 deals per day.

p        On 13 April, SZSE stock quotes were transmitted through satellite. It was the first time in China to use satellite communication technology to transmit market data. 

p        On 20 June, China Securities Regulatory Commission (CSRC), Hong Kong Securities and Futures Commission (SFC), Stock Exchange of Hong Kong (SEHK), Shanghai Stock Exchange (SSE) and SZSE signed the Memorandum of Regulatory Cooperation in Beijing.

p        On 20 August, SZSE granted B-share special seats to eight overseas licensed brokers, of which five conducted B-share trading on the same day.

p        On 30 September, China Bao’an Group Co., Ltd. Shanghai Branch and its affiliate announced that they held more than 5% of the outstanding ordinary shares of Yanzhong Industrial, a company listed SSE, setting a precedent for Chinese enterprises to conduct M&A activities through the securities market.

p        By 31 December, SZSE had 77 listed companies located in 17 provinces, autonomous regions and municipalities throughout China. SZSE had emerged as a national securities market.

 

1994

p        On 18 March, five T-bond spot products were listed, which marked the inception of Shenzhen T-bond cash market.

p        On 30 August, Shenzhen securities satellite communication two-way network was launched, which softened the chronic bottleneck in poor remote communications that had plagued Shenzhen securities market.

p        On 8th September, SZSE launched OTC T-bond repo business.

p        On 12 September, SZSE launched T-bond futures trading business. The first group included 20 futures products in five series and became an integral part of a complete T-bond market which covered spot, repo and futures.

 

1995

p        On 6th July, China Southern Glass issued USD 45 million worth of B-share convertible bonds in Switzerland, which was the first time a Chinese enterprise issued B-share convertible bonds abroad.

p        On 12 July, China Merchants Shekou Port Service B was listed in Singapore, the pfirst overseas secondary listing by a Chinese company.    

p        On 26 October, B-share central clearing system started running, which improved B-share clearing system, increased clearing efficiency and reduced clearing fees and settlement risk. 

p        On 29 November, Northeast Electrical Transmission & Transformation Machinery Manufacturing Co., Ltd. became the first H-share company to float A-shares on SZSE. 

 

1996

p        On 6th January, for the first time, the Ministry of Finance offered T-bond by tender through SZSE’s computer system.

p        On 19 September, SZSE became an affiliate member of IOSCO and a member of the organization’s Consultative Committee.

 

1997

p        From 2nd June, SZSE abolished its trading floor and adopted full electronic trading.

p        On 15 August, the State Council decided to put stock exchanges under the direct administration of the CSRC. According to the decision, presidents and vice presidents of stock exchanges would be appointed by the CSRC and chairmen and vice chairmen would be nominated by the CSRC and elected by the board of directors.

 

1998

p        On 7th April, Fund Kaiyuan, the first standardized securities investment fund, was listed on SZSE.

p        On 16 July, SZSE celebrated its relocation to its current premise.

 

1999

p        On 25 May, the communication system for B-share settlement was put into operation.

p        On 5th July, ST Chongqing Titanium became the first listed stock in Shenzhen market to be suspended from trading.

 

2000

p        On 8th March, Angang New Steel Co., Ltd. became the first listed company to issue convertible bonds.

p        On 17 August, SZSE started preparation for the second board market.

 

2001

p        On 16 July, SZSE OTC market started operation.

p        On 27 July, Shenzhen Securities Communications Center was inaugurated.

 

2002

p        On 19 March, Shanghai Jinzheng Information Investment Consulting Co., Ltd. completed the first block trade of SZSE.

p        On 7th October, SZSE became a member of the World Federation of Exchanges (WFE).

p        On 24 October, the Shanghai Representative Office of Nomura Securities Co., Ltd. was admitted as SZSE’s first overseas special member.

 

2003

p        On 2nd January, SZSE completed construction of the ground communication network, enabling real-time, automatic and active-active back-up of satellite-terrestrial communication network.

p        On 2nd January, SZSE launched enterprise bond repo trading business. Trading fee rates on bonds were cut by an average of 50%.

 

2004

p        On 17 May, with the approval of State Council and CSRC, SME Board was launched in SZSE.

p        On 25 June, the first 8 companies made debut on SME Board.

p        On 2nd August, electronic order routing system was introduced into SZSE’s block trading platform.

p        On 20 December, Southern Active Allocation Fund, China’s first listed open-end fund, was listed on SZSE.

 

2005

p        On 8th April, Shanghai and Shenzhen 300 Index (CSI Index) was officially launched.

p        On 12 September, first 28 companies started share reform, marking the beginning of a fundamental institutional change in China’s capital market.

p        On 23 September, China Securities Index Co., Ltd. a 50-50 joint venture between SSE and SZSE, was established in Shanghai.

p        On 21 November, all the listed companies on the SME Board completed the non-tradable share reform.

p        On 1st December SZSE released the SME Board Index.

p        On 29 December, SZSE block trading system began providing transfer service for the Dongguan-Shenzhen Expressway Toll Usufruct Specific Asset Management Plan. It was the first specific asset management product in Shenzhen.

 

2006

p        On 23 January, Zhongguancun Share Quotation and Transfer System was launched. The first two Zhongguancun-based companies, Century Real Technology and Sinosoft, were quoted on the Share Transfer System.

p        On 5th September, the SME Board ETF (exchange traded fund) was listed.

p        On 31 December, 505 SZSE-listed companies either completed or initiated the process of non-tradable share reform. This meant the non-tradable share reform had largely completed.

 

2007

p        On 8th August, T+3 unfreezing of subscription money was introduced to IPO shares in Shenzhen.

p        On 31 October, SZSE Operation Center Management Co., Ltd. was inaugurated for construction of new office building in CBD of Shenzhen.

 

2008

p        On 28 March, SZSE passed both the BSI’s (British Standards Institution) and ISCCC’s (China Information Security Certification Centercertification on ISO27001 ISMS ( Information Security Management System).

p        On 10 April, Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. completed offline issuance of shares. It was the first company to offer shares through SZSE offline issuance platform.

p        On 15 October, Fullgoal Tianfeng Enhanced Yield Bond Fund, China’s first structured fund, was launched on SZSE.

p        On 8th November, SZSE Software Engineering Process System was awarded Capability Maturity Model Integration (CMMI) Level 3 certification by US Software Engineering Institute (SEI). 

 

2009

p        On 30 October, ChiNext was inaugurated. The first 28 ChiNext issuers were listed.

 

2010

p        On 1st June, ChiNext Index was launched.

p        By 31 December, SZSE had 321 IPOs, ranking the first among stock exchanges in the world for the year.

 

2011

p           On 25 February, SZSE launched Alashan Ecological Foundation.

p           On 30 October, The new SZSE website in Chinese and English went live after comprehensive upgrading.

p           On 12 November, SZSE launched EasyIR, an interactive Investor Relations Platform.

p           On 25 November, SZSE released Implementation Measures for Margin Trading and Securities Lending on SZSE.

p           On 28 November, SZSE released Draft Measures for Improving the ChiNext Market Delisting System and solicited public opinions.

 

 

2012

 

p           On 20 April, SZSE released the revised Shenzhen Stock Exchange ChiNext Board Listing Rules.

p           On 28 May, Harvest SSE-SZSE 300 ETF was listed on SZSE as the first cross-market ETF listed in Shenzhen market.

p           On 28 June, SZSE released the Scheme for Improving and Optimizing Delisting System for the Main Board and SME Board.

p           On 7 July, SZSE issued the Shenzhen Stock Exchange Stock Listing Rules (2012 Revision) and revision notes.

p           On 24 July, SZSE launched the national unified service hotline number—400-808-9999.

p           On 27 August, the Shenzhen Stock Exchange Implementation Measures for Securities Lending Transactions in Refinancing (for Trial) was promulgated.

p           On 22 October, China AMC Hong Kong Hang Seng ETF, one of the first cross-border ETF products in China, was listed on SZSE.

p           On 29 November, SZSE released the Shenzhen Stock Exchange Implementation Rules on Bonds Trading (2012 Revision).

p           On 30 November, SZSE released the Shenzhen Stock Exchange Trading Rules (2012 Revision).

p           December 25, Mr. Hu Chunhua, Standing Member of Political Bureau of CPC Central Committee, Secretary of Guangdong Provincial Party Committee, visited SZSE.