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Data:2009-12-12 2:34
China's listed company's shares are A shares, B shares, H shares, N shares, S stock and other distinctions. Such a distinction was based primarily on the location and the stock market investors may be facing.
A formal name is the yuan shares of common stock. It is issued by a company in our country, for domestic institutions, organizations, or individuals (not including Taiwan, Hong Kong and Macao investors) in RMB subscription and trading common stock. China's A shares in 1990, a total of only 10, to the end of 1997, A shares increased to 720, A Unit of the total share capital of 164.6 billion shares, with a total market value of 1.7529 trillion yuan, with GDP ratio of 22.7%. Annual turnover of A shares in 1997 for 3.0295 trillion yuan. China's A share stock market after several years of rapid development, has begun to take shape.
The official name of B shares is RMB special stock. It is based on marked yuan face value of the subscription and trading of foreign currency within the territory (Shanghai, Shenzhen) Stock Exchange trading. Its investors limited to: foreign natural persons, legal persons and other organizations, Hong Kong, Macao and Taiwan region, natural persons, legal persons and other organizations, Chinese citizens residing in foreign countries, China Securities Regulatory Commission and other investors. Investment in B shares at this stage, mainly the above-mentioned types of institutional investors. B-share companies incorporated and listed both in the territory, but investors abroad or in China, Hong Kong, Macau and Taiwan.
Since 1991, only the B shares at the end of the first electric vacuum ----- Shanghai B share market has been released, after six years of development, China's B share market has changed from the local market development by the China Securities Regulatory Commission to the unified management of the national market . The end of 1997, China's B shares have 101, with a total capital of 125 million shares, with a total market capitalization of 37.5 billion yuan, B-share market size and smaller than A-share market multiple. In recent years, China's B shares are also other aspects of derivative products and has done some useful exploration. For example, in Shenzhen in 1995, CSG has successfully issued B shares of convertible bonds, China Merchants Shekou Port Service conducted a secondary listing in Singapore, a pilot, Shanghai, and Shenzhen have also carried out four companies that will be converted to a B shares ADR in the U.S. pilot and so on counter market transactions.
H shares, that is registered in the Mainland, listed in Hong Kong and foreign stocks. Hong Kong's English is Hong Kong, whichever prefix, in the Hong Kong-listed foreign shares is called H shares. Followed by analogy, New York, the first alphabet is N, Singapore's first English letter is S, New York and Singapore-listed shares is called N shares, respectively, and S shares.