A-share: Difference between revisions

Created page with "'''A-shares''' are shares of companies incorporated in mainland China that are generally traded on mainland Chinese stock exchanges and denominated in renminbi (RMB). The A-share market is one of the principal components of China's equity market and includes companies from a wide range of industries. A simplified representation is: <math> \text{A-Share} \rightarrow \text{Equity Ownership in a Mainland Chinese Company} </math> ==Marke..."
 
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'''A-shares''' are shares of companies incorporated in mainland [[China]] that are generally traded on mainland Chinese stock exchanges and denominated in [[Renminbi|renminbi]] (RMB).
'''A-shares''' ('''A股/内资股''') are shares of companies incorporated in mainland [[China]] that are generally traded on mainland Chinese stock exchanges and denominated in [[Renminbi|renminbi]] (RMB).


The A-share market is one of the principal components of China's [[Stock market|equity market]] and includes companies from a wide range of industries.
The A-share market is one of the principal components of China's [[Stock market|equity market]] and includes companies from a wide range of industries.
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\rightarrow
\rightarrow
\text{Settlement}
\text{Settlement}
\end{math>
</math>


Trading rules can include restrictions concerning order types, price movements, settlement, margin financing, short selling, and other market activities.
Trading rules can include restrictions concerning order types, price movements, settlement, margin financing, short selling, and other market activities.
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<math>
<math>
P_{\text{lower}}
P_{\min}
\leq
\leq
P_t
P_t
\leq
\leq
P_{\text{upper}}
P_{\max}
</math>
</math>


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* <math>P_t</math> = permitted trading price during the relevant trading session;
* <math>P_t</math> = permitted trading price during the relevant trading session;
* <math>P_{\text{lower}}</math> = applicable lower price limit;
* <math>P_{\min}</math> = applicable minimum price limit;
* <math>P_{\text{upper}}</math> = applicable upper price limit.
* <math>P_{\max}</math> = applicable maximum price limit.


The applicable limits can vary according to the security, market segment, listing status, and exchange rules.
The applicable limits can vary according to the security, market segment, listing status, and exchange rules.
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* regulatory policy;
* regulatory policy;
* investor sentiment;
* investor sentiment;
* global financial conditions.
*global financial conditions.


A simplified relationship is:
A simplified relationship is:
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* valuation risk;
* valuation risk;
* volatility;
* volatility;
* settlement and market-structure risks.
*settlement and market-structure risks.


A simplified representation is:
A simplified representation is: