Today, mainland China is home to two of the world's largest emerging market stock exchanges, Shanghai and Shenzhen. These markets can trace their roots back to 1866 when the first Shanghai stock exchange was established, but it was later suspended in 1949 following the 1946 to 1949 civil war. After the communist party victory, privately owned assets were expropriated and government debt was repudiated.
Following economic reforms in the 1980s and 1990s, the Shanghai Stock Exchange started trading again in December 1990. Just eight stocks were listed on the exchange when trading started re-commenced after the four-decade hiatus. Since then, the market has exploded and today there are 1,450 listed companies and 14,069 listed securities.
If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Use code 15percent10 at checkout. Offer valid for next 10 subscribers or March 31, 2019, whichever comes first!
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
