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一、上海证券市场的现状首先,市场规模日益扩大。从发行市场来看,1992年上海通过发行证券筹集的资金达到216.6亿元,其中发行股票筹资136.68亿元,约占63%。证券筹资,特别是通过发行股票直接融资已成为企业筹集资金的一种主要手段。从交易市场来看,至1992年末,上海证交所上市证券品种73个,上市金额130.85亿元,市价总值646.75亿元。全年证券交易达760亿元,其中证交所交易量650亿元。证交所股票上市品种38个(A 股29个,B 股9个),全年交易量494亿元。交易结构呈现明显变化,股票交易额大大超过债券交易额,证券市场已从国库券交易为主向股票交易为主转变。其次,证券经营机构迅速发展。1992年上海证券交易所共发展会员142家,至1992年底,证交所会员机构已扩展到171家,场内交易席位由年初的126个发展到564个。新增会员主要是异地证券经营机构,约占上海证交所全部会员的76.6%。市场辐射面遍及全国22个省、市、自治区的33个中心
First, the status of the Shanghai stock market First, the market is expanding. In terms of the issue market, in 1992, Shanghai raised funds of 21.66 billion yuan through the issuance of securities, of which 13.668 billion yuan was raised through the issuance of shares, accounting for about 63%. Funding of securities, especially through direct issuance of shares, has become a major means of raising funds for enterprises. From the trading market point of view, by the end of 1992, there were 73 listed securities of the Shanghai Stock Exchange with a market value of 13.085 billion yuan and a market capitalization of 64.675 billion yuan. Annual securities transactions reached 76 billion yuan, of which the Stock Exchange trading volume of 65 billion yuan. There were 38 listed stocks (29 for A-shares and 9 for B-shares), with a total transaction volume of 49.4 billion yuan. The structure of the transaction shows obvious changes, the transaction volume of the stock greatly exceeds the transaction volume of the bond, and the stock market has mainly shifted from the treasury bills transaction to the stock transaction. Second, the securities business institutions developed rapidly. In 1992, a total of 142 members were listed on the Shanghai Stock Exchange. By the end of 1992, the number of member institutions of the SEHK has expanded to 171 and the number of trading places in the venue has grown from 126 at the beginning of the year to 564. The newly added members are mainly non-local securities institutions, accounting for 76.6% of all the members of the Shanghai Stock Exchange. Market radiation throughout the country 22 provinces, municipalities and autonomous regions in 33 centers