Shandong Jiangquan Industry Co., Ltd (600212) Soars 0.64% on Oct 13

October 13, 2017 - By Richard Conner

Shares of Shandong Jiangquan Industry Co., Ltd (SHA:600212) last traded at 11.06, representing a move of 0.64%, or 0.07 per share, on volume of 3.14 million shares. After opening the trading day at 11.09, shares of Shandong Jiangquan Industry Co., Ltd traded in a close range. Shandong Jiangquan 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 6.98 and high of 13.8.

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. Shandong Jiangquan 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 Shandong Jiangquan 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 Shandong Jiangquan 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 Shandong Jiangquan Industry Co., Ltd (SHA:600212) news were published by: which released: “Shanghai Composite Index” on April 15, 2011, also with their article: “China Has Its Worst-Ever Start to a Year For Defaults” published on April 02, 2017, published: “Shandong Jiangquan’s controlling shareholder to sell entire stake to Shenzhen Dasheng Agriculture” on July 27, 2017. More interesting news about Shandong Jiangquan Industry Co., Ltd (SHA:600212) were released by: and their article: “Shandong Jiangquan’s shares to resume trade after scrapping restructuring plan” published on March 10, 2017 as well as‘s news article titled: “Shandong Jiangquan Industry says no div for FY 2016” with publication date: February 15, 2017.

SHANDONG JIANGQUAN INDUSTRY CO., LTD is principally engaged in electric power, construction ceramic, railway transportation and timber trading businesses. The company has market cap of $. The Company’s construction ceramic products mainly include tiles. It currently has negative earnings.

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