September 9, 2017 – By Henry Gaston
Shares of Yaxia Automobile Corp (SHE:002607) last traded at 4.72, representing a move of 8.76%, or 0.38 per share, on volume of 42.68 million shares. After opening the trading day at 4.34, shares of Yaxia Automobile Corp traded in a close range. Yaxia Automobile Corp currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 2.23 and high of 7.19.
What Shapes Asia’s Largest Economy
The Asian economy is rapidly growing today and as the second biggest economy globally, China plays a big part in it. In line with this, it is important to know as well what shapes Asia’s largest country in terms of economy into a massive success. Economy rise help some companies including Yaxia Automobile Corp to try themselves on the big market arena.
Building from the Ground Up
The Shanghai Stock Exchange (SSE), operated by the China Securities Regulatory Commission (CSRC), is one of China’s primary stock exchanges along with the Shenzhen Stock Exchange. In Asia, it is the second largest stock exchange. Globally, the SSE is the fifth biggest stock exchange in terms of market capitalization. Companies like Yaxia Automobile Corp with strong potential and good liquidity are on demand.
The SSE had already been founded in the 1860s. However, eventually, it had to close down in 1941 when Japan occupied Shanghai. It was reopened on November 26, 1990 and operations officially started on December 19, 1990.
Companies listed on the SSE are classified into two categories: 1) A shares and B shares. The main difference between the two categories is in terms of currency. A shares are traded in yuan while B shares are traded in US dollar (USD).
Before, only Chinese citizens were allowed to trade A shares. However, the limitation was lifted in 2002, enabling domestic and international investors to trade both A shares and B shares. With expanded opportunities for traders, the Chinese economy had since then grown faster than ever. Yaxia Automobile Corp had to quickly adjust.
Pre-market trading on the SSE starts at 9:15 a.m. and ends at 9:25 a.m. Regular trading starts at 9:30 a.m. and ends at 3:00 p.m. with a two-hour break that starts at 11:31 a.m. and ends at 1:29 p.m.
The SSE Composite Index
The SSE Composite Index is the benchmark index that tracks all companies listed on the SSE. Because of its broad scope, it is composed of three sub-indices: 1) the SSE 380; 2) the SSE 180; and 3) the SSE 50. These sub-indices are intended to provide more reliable representations of the Chinese equity market given the broad nature of the SSE.
The SSE 380 monitors the top 380 stocks on the SSE; the SSE 180 monitors the top 180 stocks; and the SSE 50 monitors the top 50 stocks. In order for stocks to be included in the SSE 50, they first have to be included in the SSE 180; and in order for them to be included in the SSE 180, they first have to be included in the SSE 380.
The SSE Composite Index has a base date of December 19, 1990 and a base value of 100. Its all-time high of 6,092.06 had been recorded in October 2007 while its all-time low of 99.98 had been recorded in December 1990.
Today is the perfect time to penetrate the Chinese equity market. There is no better way to take advantage an immense economic growth than to invest in Asia’s largest economy. With promising growth opportunities and countless potential, investors will surely enjoy the many benefits of investing on the SSE. They are curious about Yaxia Automobile Corp reliability.
More notable recent Yaxia Automobile Corp (SHE:002607) news were published by: Businesswire.com which released: “China Automotive Finance Industry Report 2016 – Research and Markets” on August 29, 2016, also Prnewswire.com with their article: “China Automotive Distribution and Aftermarket Report 2016-2020: In 2015, the …” published on December 23, 2016, Reuters.com published: “Yaxia Automobile announces change of CFO” on September 06, 2017. More interesting news about Yaxia Automobile Corp (SHE:002607) were released by: Reuters.com and their article: “Yaxia Automobile appoints Li Guozheng as new CFO” published on July 12, 2017 as well as Reuters.com‘s news article titled: “Yaxia Automobile to pay FY 2016 annual div on June 9” with publication date: June 05, 2017.
Yaxia Automobile Corp, formerly Wuhu Yaxia Automobile Corporation, is a China firm principally engaged in the distribution of automobiles and the provision of integrated services. The company has market cap of $. Along with its subsidiaries, the Company’s main businesses include the sale, maintenance, decoration, rental and information consulting services of automobiles, and provision of automobile components, second hand car dealing services, insurance brokerage services, driver training services and others. It currently has negative earnings.
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