Which exchange recorded the 2015 Chinese stock-market crash’s central benchmark, the Shanghai Composite Index?

The Shanghai Stock Exchange recorded the Shanghai Composite Index, the central benchmark associated with China’s 2015 stock-market crash.

The Shanghai Composite tracks shares listed on the Shanghai Stock Exchange and includes both A shares and B shares. After a powerful rally, Chinese equities began falling in June 2015. The decline accelerated through the summer, with the Shanghai Composite losing a large portion of its value from its June peak.

The turbulence reflected concerns about high valuations, leveraged retail trading, slowing economic growth, and official attempts to manage the decline. Chinese authorities responded with measures including trading suspensions, restrictions on some selling, and support efforts involving state-linked funds.

The Shenzhen Stock Exchange is another major mainland Chinese exchange, so it is a frequent mix-up. The Shanghai Composite is an index, while the Shanghai Stock Exchange is the venue whose listed shares form its underlying universe.