China High Speed Railway Technlgy Co Ltd (000008) Declined -0.43% on Oct 17

October 17, 2017 - By wolcottdaily

Shares of China High Speed Railway Technlgy Co Ltd (SHE:000008) last traded at 9.16, representing a move of -0.43%, or -0.04 per share, on volume of 4.39M shares. After opening the trading day at 9.23, shares of China High Speed Railway Technlgy Co Ltd traded in a close range. China High Speed Railway Technlgy 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 6.85 and high of 11.73.

SSE Composite Index: Breaking Barriers Since 1991

As the world’s second biggest economy, China is undeniably home to the most influential stock exchanges globally. For some reason, Asia is nothing without the Chinese economy.

One of the reasons that China is constantly thriving is its equity market, led by the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange. China High Speed Railway Technlgy Co Ltd was welcomed in its catalog. Both of these stock exchanges are valuable to China but below, the focus will be on the SSE, which has been driving Chinese economy growth for decades now.

History of the SSE

In terms of market capitalization, the SSE is of the top five stock exchanges in both Asia and the world. Behind this is a rich history that cultivated one of the world’s most successful stock exchanges. Many companies, and China High Speed Railway Technlgy Co Ltd one of them, worked at this global market.

The SSE had already been present in the 1860s. It continued to help drive the growth of the Chinese economy for about 80 years until Japanese troops had arrived and conquered Shanghai. As a result, the SSE had to close.

Decades later, the SSE had managed to resume operations and once again lift the Chinese economy. In November 1990, the SSE had reopened. A few weeks later in December 1990, it had officially begun operating again.

The SSE Composite Index, the market-capitalization-weighted index measuring all stocks on the SSE, was officially introduced in July 1991. It is too broad of an economic indicator, which is why it is composed of three sub-indices: the SSE 50, which measures the top 50 stocks; the SSE 180, which measures the top 180 stocks; and the SSE 380, which measures the top 380 stocks. Consequently, all stocks included in the SSE 50 must be included in the SSE 180 and the SSE 380; and all stocks included in the SSE 180 must be included in the SSE 380. Stocks of China High Speed Railway Technlgy Co Ltd are on demand.

Placing China on the Map

Since the SSE was relaunched, all stocks had been classified into two types of shares: A shares, which are denominated in yuan; and B shares, which are denominated in US dollars (USD). Because of the strict nature of the Chinese government when it comes to foreign investments, only domestic investors had been allowed to trade A shares until 2002. The lifting of the restriction in 2002 had paved way to the fast-paced growth of the Chinese economy, enabling more foreign investments to penetrate one of the world’s leading equity markets. This had played a major role in how China is economically thriving today.

The SSE is currently the world’s fifth biggest stock exchange and the second biggest in Asia. As of February 2016, it has a whopping market capitalization of $3.50 trillion with over 1,000 publicly traded companies listed on it.

The SSE Composite Index has seen an all-time low of 99.98 in December 1990 and an all-time high of 6,092.06 in October 2007.

Investing on the SSE today comes with endless benefits both in the near term and long term. Investors usually prefer both options at China High Speed Railway Technlgy Co Ltd.It is the ideal way to count on Asia’s biggest economy as it continues to grow further despite occasional challenges.

More important recent China High Speed Railway Technlgy Co Ltd (SHE:000008) news were published by: Ft.com which released: “China’s railway diplomacy hits the buffers” on July 17, 2017, also Economictimes.Indiatimes.com published article titled: “China shows interest in high speed railway projects in India”, Bloomberg.com published: “Alstom, Siemens Forget High-Speed-Rail Feud Amid Asian Onslaught” on September 27, 2017. More interesting news about China High Speed Railway Technlgy Co Ltd (SHE:000008) was released by: Forbes.com and their article: “Why Doesn’t The United States Have High-Speed Bullet Trains Like Europe And Asia?” with publication date: March 11, 2017.

China High Speed Railway Technology Co.,Ltd., formerly BAOLILAI INVESTMENT CO.,LTD, GUANGDONG, is a China firm principally engaged in the operation and maintenance of rail transit. The company has market cap of $. The Firm provides overall solutions, core equipment and integrated services for rail transit activities and maintenance. It currently has negative earnings. The Company’s main products include locomotive operation and maintenance series, power supply system operation and maintenance series, rail traffic signal systems, operating railway maintenance series and station scheduling series.

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