The Shanghai Stock Exchange (SSE) was founded on Nov. 26th，1990 and in operation on Dec.19th the same year. It is a membership institution directly governed by the China Securities Regulatory Commission(CSRC). The SSE bases its development on the principle of "legislation， supervision， self-regulation and standardization" to create a transparent， open， safe and efficient marketplace. The SSE endeavors to realize a variety of functions: providing marketplace and facilities for the securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information.

    After several years’ operation， the SSE has become the most preeminent stock market in Mainland China in terms of number of listed companies， number of shares listed， total market value， tradable market value， securities turnover in value， stock turnover in value and the T-bond turnover in value. As at the end of 2010， SSE boasted 1，500 listed securities and 894 listed companies， with a combined market capitalization of RMB 17，900.724 billion and a total of 98.51 million trading accounts.A large number of companies from key industries， infrastructure and high-tech sectors have not only raised capital， but also improved their operation mechanism through listing on Shanghai stock market.

    Entering the new century，SSE is faced with great opportunities as well as challenges to further boost the market construction and regulation. Combining the cutting-edge hardware facilities，favorable policy conditions in Pudong， exemplary role of Shanghai economy， SSE is fully committed to the goal of State-owned industrial enterprises reform and developing Shanghai into an international financial center with great confidence.