Shanghai Stock Exchange overtaken by Shenzhen board

According to Bloomberg, the Shanghai Stock Exchange’s reign as the premier venue for trading Chinese equities is coming to an end. For the first time in at least a decade, China’s oldest bourse has lost its position at the top of turnover rankings for the nation’s four major trading venues. The new leader is Shenzhen’s Small and Medium Enterprise Board, a 12-year-old market for mostly non-state companies that first climbed to No. 1 on May 17. It has since jockeyed for position with the Shanghai, with both bourses handling about 180 billion yuan ($27.1 billion) of trades on average over the past five days.