The Financial Innovation Laboratory of Shenzhen Stock Exchange (SZSE) published the Shenzhen Stock Exchange’s Performance Report on the Stock Market for 2006 (the Performance Report) on March 15, 2007.
It was the first time that SZSE announced the demonstration report to the market through its newly-established laboratory.
The Performance Report revealed the overall operating quality of Shenzhen stock market in terms of market liquidity, fluctuation, effectiveness and quality of order implementation.
The research results showed that the overall performance of Shenzhen securities market currently stayed at a better level with good liquidity, fluctuation within reasonable range, higher quality of order implementation.
It was worth while noticing that different performance indicator of SZSE was being improved year after year, especially market performance indicators had achieved great improvements.
It was reported that SZSE would regularly publish the market performance reports.
The industry insiders commented that the Performance Report delivered by SZSE complied with the development and reform trend of the global stock exchanges, provided important reference criteria for market construction of SZSE, and was also one of the important measures adopted by SZSE to reduce trading cost, improve market liquidity and trading enforcement speed.
In addition, SZSE will take measures to enhance the depth and timeliness of trading information, establish the minimum quotation unit system based on the stock price range, optimize the suspension mechanism, set up the after-hours trading system, develop the financial derivatives market, establish the market short selling mechanism, and improve market service quality constantly.
