The New CS Board

[dindindon]

reference info - China Multi-tiers capital market

In China, there are two public stock exchange markets:
Shanghai Stock Exchange, SSE
Shenzhen Stock Exchange, SZSE

Both the SSE and SZSE operate the Main Board while the SZSE also runs the Small & Medium Size Enterprise Board (“SME”) and the ChiNext Board.

The Main Board is designed for large scale companies which intend to solicit large amounts of public funds. A comay to be listed in Main boad has to meet a set of strigent requirement, one of the qualification is a consecutive 3-years profit.

SME adopts the same listing requirements as the Main Board while targeting companies with a smaller scale for equity flow.

The Nasdaq-Alike ChiNext Board provides an important platform, with less stringent listing criteria, for those enterprises engaged in independent innovation businesses and other growing venture enterprises to solicit public funds.

ChiNext: PE is around 81 down from 128.4 on 06/16, 5 year averaged 58.9

There are 2883 registered companies in the mainland China stock listing, 145 mainland companies registered in Hong Kong stock listing.


China Shares - A Shares, B Shares, H Shares
http://chinese-school.netfirms.com/China-shares.html

There is a circuit breaker for each stock Up/Down 10% in the same trading day. On 07/09 there were 1442 stocks tripped on circuit breakers, the total market value of these tripped stocks has less than 30% weight for A shares.

according to China International Capital Corporation Limited (CICC), Chinese family owns $8.65 trillion depository accounts, less than 5% depository accounts invest in stock market. This explains why the economy and market performance has lower correlation. during the market slowdown in June, the retailer sale moved up 10.6%


http://www.stats.gov.cn/english/PressRelease/201508/t20150812_1229455.html

assorted info:
main source - KraneShares (in Chinese simplified fonts) http://stock.qq.com/original/zqyjy/s349.html