Download → Shanghai Stock Exchange 2022 Social Responsibility Report（in Chinese）

In 2022, faced with a complex and volatile international environment and arduous tasks of domestic reform and development, under the unified leadership of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) continued to prioritize stability and pursue progress while ensuring stability. With the original aspiration of "serving the real economy, the investors, and the overall development", it has made new achievements in stabilizing growth, preventing risks, and promoting reform.

The SSE has become a stock exchange with four major product categories for trading, i.e. stocks, bonds, funds, and derivatives, and a relatively complete market structure. By the end of 2022, there have been 2,174 listed companies on the SSE, with a total market value of stocks of RMB 46.4 trillion yuan. In 2022, the stock market posted a cumulative turnover of RMB 96.3 trillion yuan; a cumulative capital raising of RMB 847.7 billion yuan, of which RMB 358.9 billion yuan was raised through IPOs, accounting for 61% of the total amount of capital raised through IPO in the domestic stock market. The SSE ranked 3rd and 1st in the world respectively in terms of the total market value of stocks and capital raising through IPO. The bond market had RMB 15.9 trillion yuan in outstanding amount, up by 4.7% year on year; RMB 4.5 trillion yuan in annual capital raising through bonds and RMB 380.3 trillion yuan in cumulative turnover (including repo transactions). A total of 614 funds with a total market value of RMB 1.3 trillion yuan were listed, up by 10.7% year on year, with the annual cumulative turnover reaching RMB 18.8 trillion yuan. The number of stock option positions held was 3.31 million, with an annual cumulative turnover of RMB 647.5 billion yuan. There were 16 publicly offered infrastructure REITs, with 9 new projects and raising RMB 34.2 billion yuan throughout the year.

Reinforcing the "safety net" of pandemic prevention to ensure smooth operation of the capital market. In 2022, the SSE meticulously implemented various tasks to support pandemic prevention and control and safeguard market operation and substantially backed up Shanghai's front-line pandemic prevention and control and social-economic development. Members of the party committee led staff to work in closed offices for more than 70 days, and the smallest operation team of trading business and technical systems worked in closed offices for nearly 100 days to ensure the normal operation of major businesses. The Notice on Measures to Optimize Self-Regulatory Services and Further Guarantee Market Operation in Response to the Pandemic was issued to arrange for the adjustment and transition of related businesses during the pandemic prevention and control period. This enhanced the convenience of front-line supervision and market services, fully leveraging the SSE's role as the main channel of direct financing. The SSE earnestly fulfilled its social responsibility, with 143 party members engaged in the communities' front-line anti-epidemic services and praised by more than 70 neighborhood committees and organizations in the city. Moreover, it donated RMB 5 million yuan to Shanghai Charity Foundation Pudong Office and remitted RMB 10 million yuan to the designated account of Shanghai Financial Work Party Committee.

Adhering to the original aspiration and serving the country's overall development. The SSE has been based on the "two overall situations", kept in mind the "top priorities of the country", and constantly enhanced its commitment to serve the country through financial services. 

First, deepening reform of the STAR Market to facilitate the innovation-driven development strategy. The fifth set of guidelines on the application of listing standards for medical device companies was issued. A total of 159 IPO applications on the STAR Market were accepted during the year, of which 124 were listed. About RMB 240 billion yuan was raised from IPOs, accounting for 40% of the net capital raised through A-shares in 2022. The market-making trading business of stocks on the STAR Market was officially launched. As of the end of 2022, a total of 116 market-making registrations, covering 92 stocks on the STAR Market, had been completed by the first 14 market-makers of the STAR Market. 

Second, deepening bond product innovation to serve national strategic goals. In 2022, the SSE launched innovative products such as low-carbon transition bonds and low-carbon transition-linked bonds, with RMB 24.9 billion yuan issued; issued 33 rural revitalization bonds, totaling RMB 22.46 billion yuan, up by 368% year on year; issued 8 Belt and Road bonds, totaling RMB 8.49 billion yuan, up by 1,113% year on year; issued 76 sci-tech innovation bonds, totaling RMB 97.44 billion yuan, up by 922% year on year. 

Third, raising the quality and efficiency of supervision to improve the quality of listed companies. The SSE formulated and completed a new round of the Three-Year Action Plan for Improving the Quality of Listed Companies on Shanghai Stock Exchange and the Three-Year Action Plan for Integrated Services for Central State-Owned Enterprises. By the end of 2022, there have been 213 listed central SOEs on the SSE, accounting for 9.8% of the total listed companies on the SSE. The SSE Main Board disclosed 11 M&As by central SOEs during the year, with a total transaction value of RMB 126.3 billion yuan. Ten central SOEs completed non-public offerings, raising RMB 20.5 billion yuan. 

Fourth, strengthening international cooperation and communication to steadily promote high-standard opening-up. In 2022, the first batch of ETFs was included in Shanghai-Hong Kong Stock Exchange for trading. By the end of 2022, 53 ETFs have been included in Shanghai Stock Connect and 5 in Hong Kong Stock Connect; 21 SSE-listed companies made announcements on issuing GDRs overseas.

Advocating green development to promote harmonious coexistence. The SSE deeply promoted the construction of a green financial market and guided market entities to take the road of high-quality development featuring ecological priority, greenness, and low carbon. 

First, vigorously promoting energy conservation and emission reduction of the SSE. The SSE actively implemented the concept of green development and relevant requirements of "tightening up the budget", achieving positive results in energy saving and consumption reduction in 2022. 

Second, increasing support for green project financing. The SSE supported the financing and development of green enterprises engaged in new energy, energy conservation, and environmental protection. In 2022, seven new companies in the new energy, energy conservation, and environmental protection sectors were listed on the STAR Market, raising RMB 24.26 billion yuan; a total of RMB 142.5 billion yuan of green bonds and ABS were issued on the SSE market, up by 19% year on year. 

Third, pushing for green product innovation. By the end of 2022, there have been 34 green ETFs listed on the SSE, totaling RMB 46.6 billion yuan, up by 11.8% year on year; in conjunction with China Securities Index Co., Ltd., a total of 122 sustainable development indices including ESG indices were published. 

Fourth, advocating the concept of green development. The SSE encouraged listed companies to disclose their ESG information. All listed companies on the STAR Market disclosed ESG-related information in their 2021 annual reports. The SSE called on its members to play the intermediary role of the capital market and guide investors to practice the concept of green development through various forms and channels, such as issuing manuals, organizing publicity and promotion, producing case collections, and offering training on green development. 

Fifth, deepening international cooperation in green finance. The SSE actively participated in the development of global standards for green finance to enhance its international influence in the field. Focusing on green finance and sustainable development, it made green finance a key feature in its international presentations and guided international investors to include the Chinese market in their ESG investments.

Putting people first to boost common prosperity. The SSE resolutely adhered to the position of the people in capital market supervision. By optimizing market services, maintaining market stability, innovating training and investor education, and organizing charitable activities, it strove to promote the realization of common prosperity. 

First, upgrading the product system to meet investors' needs. In 2022, 63 new ETFs were listed on the SSE, including 6 industry-themed ETFs on the STAR Market, the Zhangjiang Independent Innovation 50ETF, the Yangtze River Protection ETF, and the China-South Korea Semiconductor ETF, raising a total of RMB 61.069 billion yuan.

Second, innovating training and investor education to increase sense of participation. Throughout the year, the SSE held 154 training sessions and conducted 124 sessions of "First Course on Listing" on the STAR Market, which were attended by 85,000 participants. It constantly organized the themed activities of "Visiting SSE" and received 900 persons from more than 50 groups at the investor education camp in the new building, improving the effectiveness of "three open-door" with high-quality training services.

Third, promoting targeted assistance to contribute to rural revitalization. The SSE contributed RMB 15 million as assistance funds, with a focus on supporting the industrial and ecological revitalization of Susong County, while also taking into account financial support, public welfare support, and educational support.

Fourth, organizing charitable activities to fulfill social responsibility. In 2022, the SSE Foundation contributed RMB 23.93 million and supported 49 public welfare projects.

Looking forward, the SSE will study and practice the spirit of the 20th CPC National Congress in a comprehensive, systematic, and thorough manner, and resolutely implement the major decisions and arrangements of the CPC Central Committee with General Secretary Xi Jinping as the core. By upholding fundamental principles and breaking new ground, the SSE will continue to deepen reforms, accelerate high-quality development, and make new and greater contributions to building a modern capital market with Chinese characteristics and comprehensively promoting Chinese modernization.