Shanghai Stock Exchange of Shanghai Stock Exchange, SSE

History

2021: In third place among the largest exchanges in the world in terms of capitalization of quoted securities

The largest exchanges in the world by capitalization of listed securities in 2021

2020: Launch of trading on the blockchain

In early October 2020, it became known that the Shanghai Stock Exchange (SSE), which is included in the rating of the world's largest trading platforms by capitalization, begins trading using blockchain technology. The process is controlled by the China Securities Regulatory Commission (CSRC).

According to Shanghai Securities News, the Shanghai Stock Exchange said it has "made significant progress" in forming a blockchain-based trading network, and has also achieved a number of functional capabilities under the "successful supervision" of the regulatory body.

Shanghai Exchange launches blockchain trading

CSRC is one of the largest and most influential financial regulators in China, in the summer of 2020 it unveiled a number of plans to allow stock market operators and other enterprises to introduce blockchain technology, and also encourages the launch of pilot projects using distributed registry technology.

The regulator published the results of the study, which analyzed the possibilities of using DLT solutions at various stages of securities operations: from registration of buyers, issue and trading of securities, to settlements after the transaction.

Exchange analysts concluded that distributed registry technology has a number of key advantages and can be useful for China's financial infrastructure. The company added that it successfully integrated data on listed companies, intermediaries and investors, developers managed to cover a wide range of business data related to listing, mapping, storage, transactions, capital and disclosure. The regulator hopes the project will "further standardize market behavior" and increase transparency of stock market trading. ^[1]

Notes