The Shanghai Stock Exchange Property Index has fallen 10% since early September last year.
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The news sparked a rally Monday in home appliance stocks on the Shanghai Stock Exchange.
The Shanghai Stock Exchange Index (SSEI) declined by 23 percent to 2, 166, its lowest point in nearly three years.
According to a company filing with the Shanghai Stock Exchange in April 2012, Li owns 20.4% of Dayang Trands.
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The stock closed at 21.17 yuan at the Shanghai Stock Exchange yesterday.
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A-shares trade at the Shanghai Stock Exchange and Shenzhen Stock Exchange.
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The 914 companies that are now listed on the Shanghai Stock Exchange have a total market capitalization of RMB 17.7 trillion and trade at an average of 16.1 times earnings.
Shanghai plans to be an international finance center by 2020, and creating a board on the Shanghai Stock Exchange where foreign companies can list their shares is seen as an essential component.
Shares of stocks listed on the Shanghai Stock Exchange closed to their lowest in nearly 41 months, with class B shares of small- and medium-cap companies getting clobbered most due to new rules for troubled firms.
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Sentiment is likely to remain weak today after the main index of the Shanghai Stock Exchange fell to a three-year low on Friday amid worries about slowing global growth and a lack of domestic stimulus to offset it.
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China securities regulators have compiled a list of 10 companies that will be allowed to list shares on the pending international board of the Shanghai Stock Exchange, according to an article in a leading Chinese business newspaper on Friday.
The Korean Exchange executed more than 88 million equity trades in March, compared to the Shanghai Stock Exchange, National Stock Exchange of India and the Shenzen Stock Exchange which executed approximately 159.2 million, 140.2 million and 107.2 million trades respectively, according to the WFE.
The new Shanghai stock exchange is built in the shape of a hollowed square to help trap positive energy, a nod to the ancient geomantic rituals of feng shui.
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It just happens that firms of this description are easier to find on the Bombay Stock Exchange than on the Shanghai one.
China's major stock exchange in Shanghai is down almost 20% since the beginning of 2011.
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