During the visit, the PM was briefed on the SSE’s formation and development, its governance structure, operational model, key functions, and main financial products. He also inquired about the ratio of market capitalization to GDP and the exchange’s trading activities.

The discussions focused in particular on mechanisms and policies aimed at facilitating capital mobilization and attracting investors, as well as China’s experience in upgrading its stock market from frontier to emerging market status. The Vietnamese Government chief also explored the relationship between the stock exchange and the international financial center, regulatory oversight, and dispute resolution mechanisms.

SSE leaders informed PM Chinh and his delegation that the exchange was established in late 1990 and has since become the largest and most influential stock exchange in China. It plays a crucial role in China’s capital market and is one of Asia’s and the world’s major financial hubs. As of December 2024, SSE ranked third globally in terms of market capitalization after the New York Stock Exchange and Nasdaq, with over US$7.17 trillion in capitalization and more than 2,000 listed companies.

The SSE operates under the direct management of the China Securities Regulatory Commission (CSRC) and is organized into specialized departments. It not only connects China’s vast capital markets but is also increasingly integrated into the global financial system.

In recent years, the SSE has expanded international cooperation through mechanisms such as the Shanghai–Hong Kong and Shanghai–London Stock Connect programs. It has also forged partnerships with major exchanges in Hong Kong (China), Tokyo (Japan), London (UK), and Frankfurt (Germany) to promote cross-border listings and attract global investors.

Looking ahead, SSE is poised to become a globally impactful exchange that contributes to the high-quality development of China’s capital market and supports the transformation and modernization of the real economy, digitalization, and high-tech growth, in line with China’s “Made in China 2025” strategy.

Congratulating SSE on its rapid emergence as the world’s third-largest stock exchange, PM Chinh acknowledged the important role played by the Party’s leadership and state management in building the SSE and Shanghai’s financial center into a key link in China’s "dual circulation" mechanism.

He called on the SSE and Shanghai’s international financial center to share their experience and assist Vietnamese ministries and agencies in developing an international financial center in Vietnam, upgrading its young stock market from frontier to emerging market status, and improving stock exchange management and operations. He also requested support in building market infrastructure, advising on mechanisms and policies to attract investors and mobilize capital, enhancing cooperation with Vietnamese exchanges and financial institutions, and training human resources in this field.

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