Fujian Qingshan Paper Industry Co., Ltd (600103) Declines -1.04% on Oct 13

October 13, 2017 - By Migdalia James

Shares of Fujian Qingshan Paper Industry Co., Ltd (SHA:600103) last traded at 4.74, representing a move of -1.04%, or -0.05 per share, on volume of 5.88 million shares. After opening the trading day at 4.79, shares of Fujian Qingshan Paper Industry Co., Ltd traded in a close range. Fujian Qingshan Paper Industry Co., Ltd currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 3.69 and high of 6.99.

SSE: An Asian Economy Pride

Aside from being the world’s largest country in terms of population, China is also the largest economy in Asia, placing it next to the US worldwide. Behind this success is the nation’s leading stock exchange, the Shanghai Stock Exchange (SSE).

Chinese Equity Market

With over 1,000 companies listed on it and a market capitalization of $3.50 trillion as of February, the SSE is the second largest stock exchange in Asia and the fifth in the world. Fujian Qingshan Paper Industry Co., Ltd and others prefer to work at this reliable market. As a non-profit organization, it is operated by the China Securities Regulatory Commission (CSRC).

While the SSE had already been established in 1866, it had to shut down in 1941 due to the Japanese occupation in Shanghai. On December 19, 1990, after decades of setback, the SSE finally had its major comeback with an official relaunch of operations.

All SSE stocks are tracked on the SSE Composite Index, which was launched officially on July 15, 1991. For a clearer and more accurate representation of the Chinese equity market, it features three main sub-indices: the SSE 380, the SSE 180, and the SSE 50. The SSE 380 is made up of the 380 most active stocks on the SSE; the SSE 180 is made up of the 180 most active stocks; and the SSE 50 is made up of the 50 most active stocks. In order for a stock to qualify in the SSE 50, it must first be included in both the SSE 380 and the SSE 180.

The SSE Composite Index is a market-capitalization-weighted index, which means that all of its components are weighted using the Paasche weighted composite price index formula. Its base date and base value is December 19, 1990 and 100, respectively.

In December 1990, the SSE Composite Index had hit its all-time low of 99.98 and in October 2007, its all-time high of 6,092.06. Being the part of SSE index gives new options for Fujian Qingshan Paper Industry Co., Ltd stocks.

Trading in China

The pre-market session on the SSE lasts from 9:15 a.m. until 9:25 a.m. while the regular session lasts from 9:30 a.m. until 3:00 p.m. In between the regular session is a two-hour break that lasts from 11:31 a.m. until 1:29 p.m.

All SSE stocks are classified into two categories of shares: A shares and B shares. The former type of shares is traded in Yuan while the latter is traded in US dollar (USD). Only domestic traders were allowed to trade A shares in the past. International traders were only allowed to trade B shares. However, in 2002, international traders had finally been allowed to trade A shares and B shares alike like domestic traders. As a result, the Chinese economy had bloomed immensely and still continues a rapid economic growth today. Companies, like Fujian Qingshan Paper Industry Co., Ltd also grow with the economy.

It is ideal to invest on SSE stocks today given the fast-paced growth of what is already the second biggest economy in the world. By doing so, investors can expect high returns from the Chinese equity market regardless of whether investments are short-term or long-term.

More notable recent Fujian Qingshan Paper Industry Co., Ltd (SHA:600103) news were published by: Businesswire.com which released: “Global and China Dissolving Pulp Industry Report 2016-2020 – Research and Markets” on May 31, 2016, also Prnewswire.com with their article: “World Sack Kraft and Wrapping Paper Demand to Increase 3.0% during 2014” published on January 08, 2014, Reuters.com published: “Fujian Qingshan Paper Industry sees FY 2017 H1 net profit to increase by 1930 pct” on July 12, 2017. More interesting news about Fujian Qingshan Paper Industry Co., Ltd (SHA:600103) were released by: Reuters.com and their article: “Fujian Qingshan Paper Industry says no dividend payment for FY 2016” published on April 12, 2017 as well as Reuters.com‘s news article titled: “Fujian Qingshan Paper Industry to use 7 mln yuan to jointly set up institute of ultrasonic technology” with publication date: February 23, 2017.

Fujian Qingshan Paper Industry Co., Ltd. is a China firm primarily engaged in the manufacture and sale of paper products. The company has market cap of $. The principal products include sack paper, pulp boards, paperboards, corrugated paper, paper products, optoelectronics, pharmaceutical products and forest products. It currently has negative earnings. The Firm distributes its products in domestic market and to overseas markets.

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