Shanghai Stock Exchange

SSE Releases 2026 Practical Initiatives

The Shanghai Stock Exchange released its List of Practical Initiatives for 2026 containing 10 measures across five areas including disclosure optimization, supervision and corporate governance improvements, product innovation, market services, and fee reductions. The exchange plans to cut approximately RMB 1.113 billion in fees in 2026. Key initiatives include updating ESG disclosure evaluation criteria, expanding mobile voting services for shareholders, improving the Fixed Income+ multi-asset index system, and enhancing information accessibility through website updates.

Trading Rules Expanded to A-shares and ETFs, Price Limits for Risk-Warning Stocks Raised

The Shanghai Stock Exchange is soliciting public comments on revised Trading Rules that would expand after-hours fixed-price trading from STAR Market stocks to all A-shares and exchange traded funds (ETFs), adjust fund closing auction from continuous to call auction, and raise the price limit ratio for Main Board risk-warning stocks from 5% to 10%. The consultation closes April 20, 2026.

Margin Requirement Raised from 80% to 100%

The Shanghai, Shenzhen, and Beijing Stock Exchanges, upon CSRC approval, have raised the minimum margin ratio for leveraged securities purchases from 80% to 100%. The adjustment applies only to newly opened margin trading contracts, with existing contracts and roll-overs grandfathered under prior rules. The policy aims to moderately reduce market leverage following a period of active margin trading growth.

52 SSE Publicly Offered REITs Release 2025 Annual Reports

The Shanghai Stock Exchange announced that all 52 publicly offered REITs listed on the SSE completed disclosure of their 2025 annual reports as of March 31, 2026. The 52 products collectively achieved total revenue of RMB 14.5 billion, up 71% year-on-year, and distributable amount of RMB 8.8 billion, up 42% year-on-year. The consumer sector achieved 98% average occupancy rate, affordable rental housing maintained 95% occupancy, and energy sector recorded 4 billion kWh of settled electricity with 106% revenue achievement rate.

SSE Main Board Theme Week Launched for New Growth Drivers

The Shanghai Stock Exchange launched the "Theme Week of Cultivating New Growth Drivers" on March 30, 2026, as part of its Main Board companies' performance briefings program. Major listed companies including China Yangtze Power, Jiangdu Hengrui Pharmaceuticals, Wanhua Chemical, TBEA, and Sany Heavy Industry will participate in themed events over the next month, focusing on scientific and technological innovation and industrial transformation. This initiative aims to enhance investor communication and information disclosure quality among listed companies.