"Shenzhen Main Board starting with 00" refers to the stocks listed on the Shenzhen Stock Exchange, and the stock code starts with "00". The Shenzhen Stock Exchange Main Board is part of the Chinese stock market and corresponds to the Shanghai Stock Exchange Main Board (stock code starting with "60"). Shenzhen Stock Exchange is a stock exchange in mainland China established in 1990. The Shenzhen Main Board is one of the main sections of the Shenzhen Stock Exchange. It is mainly aimed at mature enterprises and large companies, and has high listing thresholds and strict regulatory requirements. Companies listed on the main board of the Shenzhen Stock Exchange usually have a certain scale and performance foundation, and have high visibility and market influence. The stocks of these companies are traded on the main board of the Shenzhen Stock Exchange, and investors can buy and sell through stock exchanges or securities brokers. It should be noted that stock market investment involves risks, and investors should carefully evaluate the risks and returns and make investment decisions based on their own investment objectives and risk tolerance. At the same time, investors should also understand relevant laws, regulations and regulatory requirements to ensure that their investment behavior complies with regulations.
The Shanghai Stock Exchange Main Board and the Shenzhen Stock Exchange Main Board are the two major securities markets in China. They have some differences in systems, rules, stock codes and market scale.
System: The Shanghai Stock Exchange Main Board implements an approval system, that is, only after companies submit applications to the China Securities Regulatory Commission and obtain approval can they publicly issue stocks and be listed for trading. The main board of the Shenzhen Stock Exchange implements a registration system. Companies can be listed and traded on the Shenzhen Stock Exchange after submitting an application to the China Securities Regulatory Commission and being approved.
Rules: The Shanghai Stock Exchange Main Board and the Shenzhen Stock Exchange Main Board have some different rules and requirements in terms of information disclosure, corporate governance, ownership structure, etc. For example, the Shanghai Stock Exchange Main Board requires listed companies to disclose the accuracy, authenticity, completeness and timeliness of financial statements; while the Shenzhen Stock Exchange Main Board has stricter information disclosure requirements for companies.
Stock Code: The stock code of the Shanghai Stock Exchange Main Board starts with 60, while the stock code of the Shenzhen Stock Exchange Main Board starts with 000. This is because 60 is regarded as an auspicious number in Chinese culture, so many investors are more willing to buy stocks starting with 60.
Market size: The Shanghai Stock Exchange is one of the largest securities markets in China, with more than 210,000 listed companies and more than 18 million investors. The Shenzhen Stock Exchange is China's second largest securities market, with more than 130,000 listed companies and more than 7.7 million investors. Therefore, there are certain differences in the status and influence of the Shenzhen Stock Exchange Main Board and the Shanghai Stock Exchange Main Board in the market. The Shanghai Stock Exchange Main Board is China's "A-share market". It is one of the markets with the largest number of listed companies, the largest market value, and the strongest liquidity. It is also the market that investors pay the most attention to. The Shenzhen Stock Exchange Main Board is China's "B-share market", mainly for foreign investors and institutional investors, and is one of the important channels for Chinese companies to raise overseas financing. In addition, the Shanghai Stock Exchange main board and the Shenzhen Stock Exchange have different regulations and requirements for investors. The main board of the Shanghai Stock Exchange is strictly supervised by the China Securities Regulatory Commission, which has higher requirements on the financial status, business model and risk control of enterprises. The Shenzhen Stock Exchange is relatively loose and has lower requirements on the operating conditions and management capabilities of enterprises. To sum up, there are some differences between the Shanghai Stock Exchange Main Board and the Shenzhen Stock Exchange Main Board in terms of systems, rules, stock codes, market size and market supervision. When making investment decisions, investors need to fully understand the characteristics and requirements of these two markets in order to make wise investment decisions.
The sectors of the Shenzhen Stock Exchange include: main board, small and medium-sized board and GEM. The code for the Shenzhen main board is 000XXX, the code for the small and medium-sized board is 002XXX, and the code for the GEM is 300XXX. The Shenzhen Stock Exchange (hereinafter referred to as the "Shenzhen Stock Exchange") was established on December 1, 1990. It provides venues and facilities for centralized securities trading, organizes and supervises securities transactions, and performs responsibilities stipulated in relevant national laws, regulations, rules, and policies. , a legal person that implements self-discipline management. The main functions of the Shenzhen Stock Exchange include: providing venues and facilities for securities trading; formulating business rules; reviewing securities listing applications and arranging securities listing; organizing and supervising securities transactions; supervising members; supervising listed companies; managing and publishing market information ;Other functions permitted by the China Securities Regulatory Commission.
In fact, the full name of the Shenzhen Stock Exchange Main Board should be called the Shenzhen Stock Exchange Main Board Market. Generally speaking, the stock exchanges in various countries are the main board markets of their respective countries. In my country, the Shanghai Stock Exchange and the Shenzhen Stock Exchange They are all main board markets, also known as the first board market and stock market.
In the eyes of investors, the Shenzhen Stock Exchange Main Board and the Listed Main Board are barometers of the national economy, reflecting the macroeconomics of the entire country's financial market. For the Shenzhen Stock Exchange main board, its main targets in terms of stock issuers are those listed companies that are mature, have stable and sustainable development, have a high capital scale, and have strong profitability. In this regard, the Shanghai Stock Exchange The conditions are the same as those of the Shenzhen Stock Exchange, both to increase investors' trust in the entire market.
The GEM is specifically for entrepreneurial companies, small and medium-sized enterprises and high-tech industries that are temporarily unable to be listed on the main board. ST stocks usually refer to stocks that need to be "specially treated", that is, the stock's corresponding financial status or other Stocks that require special handling when stock trading occurs due to abnormal conditions. So what is the difference between it and the GEM?
The difference between GEM and ST stocks
Different rise and fall rates
There is no limit on the rise or fall of GEM stocks in the first five trading days of listing. From the sixth trading day Starting from the beginning of the day, a 20% increase and decrease limit will be set; during the "delisting consolidation period", the stocks of ST stocks will be moved to the "delisting consolidation board" for trading on another board, and will no longer be displayed in the GEM stock market. The increase or decrease limit is 10 %.
Different operating capabilities
The management level of GEM stocks is normal or improving, while ST stocks generally have negative audited net profits and operating income in the most recent fiscal year Less than 100 million yuan, or the net profit in the most recent fiscal year after retrospective restatement is negative and the operating income is less than 100 million yuan.
The actual profit level is different
The operating income of GEM stock companies mainly comes from the main business income and has the ability to continue operating; the operating income of ST-share listed companies mainly comes from the main business income. The company has obviously lost its ability to continue operating due to trading business that has nothing to do with its operating business or related transactions that have no commercial substance.
The above is the detailed content of What does the Shenzhen Stock Exchange Main Board start with 00, what does it mean?. For more information, please follow other related articles on the PHP Chinese website!
![[Web front-end] Node.js quick start](https://img.php.cn/upload/course/000/000/067/662b5d34ba7c0227.png)
