According to VNA, continuing the program to attend the 16th Annual Meeting of Pioneers of the World Economic Forum and work in China, on June 26, Politburo member and Prime Minister Pham Minh Chinh visited the Shanghai Stock Exchange ( SSE) to learn about the activities of the Shanghai Stock Exchange and the International Financial Center.
The Prime Minister visited and learned about the formation and development process of SSE; the management mechanism of the Shanghai Stock Exchange and Exchange; SSE's management and operation model; SSE's main functions and products; the rate of economic capitalization in the stock market, and trading activities.
In particular, the Prime Minister has studied and discussed in depth the mechanisms and policies to create favorable conditions to attract investors and mobilize capital for the economy; experience in upgrading the stock market from frontier to emerging market; the relationship between the Stock Exchange and the International Financial Center; mechanisms for monitoring and resolving disputes.
Introducing the Prime Minister and the working delegation, the leader of the Shanghai Stock Exchange said that SSE was established and operated since the end of 1990.
To date, SSE is China's largest and most influential stock exchange. SSE plays an important role in the Chinese capital market and is a major financial center in Asia as well as globally, ranking 3rd in the world after the New York Stock Exchange and Nasdaq of the US with a capitalization value as of December 2024 reaching 7,170 billion USD with more than 2,000 listed companies.
Congratulating and appreciating the fact that SSE has not developed for long but has become the world's third largest securities exchange; and under the direction of the Party and State management, SSE and the Shanghai International Financial Center have become the intersection of "double rounds", Prime Minister Pham Minh Chinh suggested that SSE and the Shanghai International Financial Center support and share with ministries, branches and agencies of Vietnam on building an international financial center in Vietnam; developing the young stock market from the frontier market to the emerging market.
Prime Minister Pham Minh Chinh suggested that SSE and the Shanghai International Financial Center share their experience in managing and operating stock exchanges; experience in developing stock market infrastructure; especially commenting on mechanisms and policies to facilitate investors and capital mobilization for the economy.
