Overview
Shanghai Stock Exchange
Chinese Capital Markets
Project 1870-1940
The Shanghai Stock Exchange History Research Project is an on-going research
effort by the International Center of Finance to collect price and dividend
information on stocks that were listed in the Shanghai Stock Exchange (SSE)
during the nineteenth and beginning of the twentieth centuries.The market
for securities trading in Shanghai begins in late 1860s. More specifically,
in June 1866, a list of thirteen companies, including the Hong Kong &
Shanghai Banking Corporation, appeared in a local newspaper under the 'Shares
and Stocks' section. According to the English newspaper in Shanghai, The North-China
Herald this is the time that a 'regular system of dealing in Shares sprang
up'. The operation of Shanghai stock exchange comes to a halt on December
8, 1941 when the Japanese took hold of the International Settlement. After
the war ended, China assumed full control over Shanghai, the legal privilege
and means of enforcing financial contracts for foreign businessmen had gone.
The Shanghai Stock Exchange, as a foreign share brokers' association, never
reopened again.We have collected annual price data for all the securities
listed in the Shanghai Stock Exchange from 1870 to 1940 .The source of the
dataset is the The North-China Herald, the English newspaper in Shanghai.
You can download the annual data.They have also constructed indexes for the
SSE, which can be downloaded .Christos Cabolis, Wenzhong Fan and William
Goetzmann provided an outline of the construction of the indexes,
which can be downloaded.The main purpose of this project is to construct complete
series of data for SSE that will allow us to study long-term trends and performance.
Christos Cabolis, Wenzhong Fan and William Goetzmann