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Securities Exchanges in China - Market Research Report (2014-2029)

IBISWorld IBISWorld Beijing, China Last Updated: May 2024 6910

Revenue

$76.0bn

2024

$76.0bn

Past 5-Year Growth

Profit

$XX.Xbn

Employees

7,465

Businesses

10

Wages

$XXX.Xm

Securities Exchanges in China industry analysis

The Securities Exchanges industry has displayed extreme volatility over the past five years. The uncertainty brought about by the COVID-19 pandemic, the international political geopolitical crisis and the fluctuation of the international financial market has led to the volatility of industry revenue.
In the past five years, the total trading volume of stocks, futures and bonds has increased, which enables industry operators to obtain more transaction costs, which is the largest source of income of the exchange. Overall, industry revenue is expected to rise at an annualized 18.2% over the five years through 2024. This includes an anticipated revenue increase of 9.8% in the current year.
With additional regulations and legislation, and further product innovation, China’s securities markets are forecast to continue developing. The comprehensive implementation of the registration system reform has led to the influx of new listed companies into the securities market, resulting in an increase in market activity. Industry revenue is forecast to grow at an annualized 10.0% over the five years through 2029. Since the establishment of new institutions needs to be approved by the State Council, the number of enterprises and establishment in the industry is almost unchanged. The number of enterprises and establishment will remain constant in the next five years. Although no new securities exchanges are anticipated to enter the market over the period, existing exchanges are projected to introduce more products. For example, more financial derivatives, such as treasury futures, will likely be available to trade on financial futures exchanges.

Trends and Insights

  • Securities exchanges have reduced their service charges, which may affect profit margins going forward. To promote market activity, exchanges collectively conceded to temporarily allowing their profit margins to remain steady.
  • Transaction fees are the primary income for securities exchanges. The transaction rate varies according to different types of stocks and futures.
  • Development of the financial industry is very beneficial to securities exchanges. Most exchanges are located in large cities that have developed financial industries.
  • The positioning of stock exchanges is very different. There is little competition among the three stock exchanges, the Beijing Stock Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 18.2 % over the past five years, to reach an estimated $76.0bn in 2024.

Trends and Insights

Most exchanges in the industry are not for profit

  • Securities exchanges in China are divided into two types, corporate system and membership system.
  • Additional trends and insights available with purchase
Securities Exchanges in China
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Positive domestic economic environment will drive industry development

  • The recovery of China’s domestic economy has boosted investor confidence.

Biggest companies in the Securities Exchanges in China

Company
Market Share (%)
2024
Revenue ($m)
2024
Shenzhen Stock Exchange
20,531.4
Shanghai Futures Exchange
16,729.3
Shanghai Stock Exchange
14,448.1

To view the market share and analysis for all 10 top companies in this industry, view purchase options.

Products & Services Segmentation

Securities Exchanges in China
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Trading services, Market data services and Administration and supervision of securities institutions. Trading services is the largest segment of the Securities Exchanges in China.

Trends and Insights

Exchanges mainly provides trading services

  • Exchanges provide venues and facilities for the trading of stocks, futures, bonds, and other financial product, and organize and supervise the trading.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The Securities Exchange industry in China is responsible for administering and supervising securities and commodity exchanges, including stocks, funds, bonds and futures exchanges.

What's included in this industry?

Trading servicesMarket data servicesAdministration and supervision of securities institutionsListing services

Companies

Shenzhen Stock ExchangeShanghai Futures ExchangeShanghai Stock Exchange

Purchase this report to view all 10 major companies in this industry.

Related Terms

LISTED OPEN-ENDED FUNDS (LOF)SECURITIES EXCHANGEEXCHANGE TRADED FUND (ETF)FUTURESCOMMODITIESBONDSLIQUIDITY

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Securities exchanges have reduced their service charges, which may affect profit margins going forward. To promote market activity, exchanges collectively conceded to tempora...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Transaction fees are the primary income for securities exchanges. The transaction rate varies according to different types of stocks and futures.

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Development of the financial industry is very beneficial to securities exchanges. Most exchanges are located in large cities that have developed financial industries.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

The positioning of stock exchanges is very different. There is little competition among the three stock exchanges, the Beijing Stock Exchange, the Shenzhen Stock Exchange and...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Stock exchanges focus on registration system reform. In 2023, the stock exchange began fully implementing the reform of the registration system of the main board.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Shenzhen Stock Exchange's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Shanghai Futures Exchange's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Shanghai Stock Exchange's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 7 additional companies

Detailed analysis

  • Description and key data for Shenzhen Stock Exchange, and factors influencing its performance in the industry
  • Description and key data for Shanghai Futures Exchange, and factors influencing its performance in the industry
  • Description and key data for Shanghai Stock Exchange, and factors influencing its performance in the industry
  • Description, key data and performance trends for 7 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Reform of the registration system optimized market. With the implementation of the comprehensive registration system, the capital market will be more transparent and active.

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The industry is highly profitable, with profit typically accounting for more than half of industry revenue. Although the exchange will implement profit-sharing measures, the ...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Securities Exchanges industry in China in 2024?

The market size of the Securities Exchanges industry in China is $76.0bn in 2024.

How many businesses are there in the Securities Exchanges in China industry in 2024?

There are 10 businesses in the Securities Exchanges industry in China, which has grown at a CAGR of 4.6 % between 2019 and 2024.

Has the Securities Exchanges industry in China grown or declined over the past 5 years?

The market size of the Securities Exchanges industry in China has been growing at a CAGR of 18.2 % between 2019 and 2024.

What is the forecast growth of the Securities Exchanges industry in China over the next 5 years?

Over the next five years, the Securities Exchanges industry in China is expected to grow.

What are the biggest companies in the Securities Exchanges market in China?

The biggest companies operating in the Securities Exchanges market in China are Shenzhen Stock Exchange, Shanghai Futures Exchange and Shanghai Stock Exchange

What does the Securities Exchanges in China include?

Trading services and Market data services are part of the Securities Exchanges industry.

Which companies have the highest market share in the Securities Exchanges in China?

The company holding the most market share in China is Shenzhen Stock Exchange.

How competitive is the Securities Exchanges industry in China?

The level of competition is low and steady in the Securities Exchanges industry in China.

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Competitors

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View all industries in China

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in China include:

  • National Bureau of Statistics China
  • General Administration of Customs
  • People’s Bank of China

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.