Shenzhen China Bicycle Cmpny Hldng Ltd (000017) Decline -4.62% on Oct 17

October 17, 2017 - By Winifred Garcia

Shares of Shenzhen China Bicycle Cmpny Hldng Ltd (SHE:000017) last traded at 7.85, representing a move of -4.62%, or -0.38 per share, on volume of 6.61 million shares. After opening the trading day at 8.02, shares of Shenzhen China Bicycle Cmpny Hldng Ltd traded in a close range. Shenzhen China Bicycle Cmpny Hldng 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 7.36 and high of 14.93.

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. Shenzhen China Bicycle Cmpny Hldng 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 Shenzhen China Bicycle Cmpny Hldng 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 Shenzhen China Bicycle Cmpny Hldng 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 Shenzhen China Bicycle Cmpny Hldng Ltd.It is the ideal way to count on Asia’s biggest economy as it continues to grow further despite occasional challenges.

More notable recent Shenzhen China Bicycle Cmpny Hldng Ltd (SHE:000017) news were published by: Bloomberg.com which released: “25-Year-Old’s $500 Million Startup Fuels China Bike-Share Battle” on October 30, 2016, also Bloomberg.com with their article: “Chinese Stocks Decline to Lowest Since October on Leverage Woes” published on May 08, 2017, Techcrunch.com published: “Temasek jumps into China’s bike-rental startup war with investment in Mobike” on February 20, 2017. More interesting news about Shenzhen China Bicycle Cmpny Hldng Ltd (SHE:000017) were released by: Techcrunch.com and their article: “China’s Mobike raises $600M to expand its bikes on-demand service worldwide” published on June 16, 2017 as well as Bloomberg.com‘s news article titled: “China Plan to Create New Shenzhen Spurs Speculative Rampage” with publication date: April 03, 2017.

SHENZHEN CHINA BICYCLE COMPANY LIMITED is principally engaged in the manufacture and sale of bicycles and related components. The company has market cap of $. The Firm is also involved in the leasing and management of properties. It currently has negative earnings. The Firm operates its businesses mainly in the domestic markets, including Shandong, Henan, Jiangsu, Hebei and Shanghai, China.

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