Sha Yan has become the first woman to chair the Shenzhen Stock Exchange (SZSE), after serving as its general manager since June 2020, Yicai Global reports.
She is the 8th chairperson in the 33-year history of the bourse, which is one of the three main exchanges on the Chinese mainland (the others are in Beijing and Shanghai).
During her tenure as general manager, Sha, 51, oversaw the move of the SZSE’s Nasdaq-style Growth Enterprise Market from an approval-based process to a registration-based listing system.
[See more: Shenzhen’s GDP grew by 6 percent in 2023]
Prior to joining the exchange, Sha worked at the China Securities Regulatory Commission (CSRC), a government agency directly under China’s State Council.
Sha’s predecessor, Chen Huaping, is now a vice chairman of the CSRC.
The SZSE has around 2,850 listed companies, with a total market value higher than 25.2 trillion yuan.
