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Bonds or mortgages  Two important markets: China Interbank Bond Market (CIBM) & Exchange Market  Few issues within current debt market

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China’s M2 Supply = 219 trillion yuan (33.8 trillion $)  Frequently traded currency: American Dollar, Euro, Japanese Yen  Credibility for RBM

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3 major stock exchanges:   Shanghai Stock Exchange: largest, 1,986 companies, daily trading volume of 512.52 billion Shenzhen Stock Exchange: smaller individual investors, 2,515 companies, daily trading volume of 21.1 billion  Hong Kong Exchanges: stocks and derivatives, cheaper prices, 2,562 companies, average trading volume of 426,474 for futures

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China Securities Regulatory Commission (CSRC)  Checks listings, settlement of stocks, issuance of stocks, etc.  Supervises issuance and listings overseas  Main Job: Supervises and regulates

CSRC supports Chinese telecom firms protecting their rights - CGTN

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Similarities: listing requirements  Differences: rules and norms, trading of stock by insiders

China's Capital Markets

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