History of HXSHE and XSHG
Though the Shenzhen exchange is smaller, it still boasts some impressive statistics. It’s the 4th largest market in Asia and the 8th largest market in the world. In 2009, HXSHE opened a subsidiary called the ChiNext board. This board is meant for high-tech startups that are experiencing a lot of growth.
The People’s Republic of China, the third-largest country by area, is a country located in East Asia. It’s the world’s most populous country with an estimated 1.4 billion residents.
China is governed by the Chinese Communist Party (CCP) and is responsible for 4 direct-controlled municipalities, 5 autonomous regions, and more than 22 provinces.
Mandarin is the most common language spoken in China. However, some citizens speak different variations of Chinese and Turkic, Austronesian, and other languages.
In the last 30 years, China has experienced rapid urbanization. More than 60% of the population currently lives in an urban area. Unsurprisingly, China has one of the world’s largest economies in terms of purchasing power and GDP. Its economy is highly diversified, as the country has a huge role in the textile, steel, manufacturing, electronics, banking, and green energy sectors. The country is the world’s second-largest importer of goods and the largest exporter of goods.