Shenzhen Stock Exchange (SZSE)， established on 1st December， 1990， is a self-regulated legal entity under the supervision of China Securities Regulatory Commission (CSRC). It provides the venue and facilities for centralized securities trading. It also organizes， supervises securities trading and performs duties prescribed by laws， regulations， rules and policies. Its main functions include providing the venue and facilities for securities trading， formulating operational rules， receiving listing applications and arranging securities listing， organizing and supervising securities trading， supervising members; regulating listed companies， managing and disseminating market information， and other functions as approved by the CSRC.

    SZSE is committed to developing China’s multi-tier capital market system， serving national economic development and transformation and supporting the national strategy of independent innovation. The SME Board was launched in May 2004. The non-listed shares quotation and transfer system (OTC market) began its pilot operation in Zhongguancun Science Park in January 2006. The ChiNext market was inaugurated in October 2009. Thus SZSE has basically put in place a framework of multi-tier capital market comprising the Main Board， SME Board， ChiNext and the OTC market. Shenzhen Stock Exchange has become an emerging market that attracts worldwide attention. By 30 December 2011， SZSE had 1，411 listed companies， with 484 on the Main Board， 646 on the SME Board and 281 on the ChiNext. Their total market capitalization amounted to RMB 6.6 trillion (USD 1.0 trillion). In addition， 102 companies from Zhongguancun Science Park were quoted on the OTC market. In the year of 2011， SZSE raised RMB 181.0 billion (USD 28.7 billion) in IPO proceeds and recorded a total trading value of RMB 18.4 trillion (USD 2.9 trillion). SZSE’s products cover equities， mutual funds and bonds. The product lines include A-shares， B-shares， indices， mutual funds (including ETFs and LOFs)， fixed income products (including SME collective bonds and asset-backed securities)， and diversified derivative financial products (including warrants and repurchases). SZSE plays an increasingly important role in supporting the real economy and transforming the nation’s economic growth model.

    Since 2000， SZSE has signed MOUs with 28 major stock exchanges in the world and enhanced cross-border cooperation and communications. It has also taken an active part in international securities organizations. SZSE is a member of both the World Federation of Exchanges (WFE) and the Asian and Oceanian Stock Exchanges Federation (AOSEF). It is also an affiliate member of the International Organization of Securities Commissions (IOSCO).