finance.foundation / Markets / XNAS vs XSHG
Venue comparison · seed-0.6 · 2026-08-29
Nasdaq Stock Market (XNAS) vs Shanghai Stock Exchange (XSHG)
Nasdaq Stock Market and Shanghai Stock Exchange compared by ISO 10383 identity, operator, trading session, settlement cycle and covered listings.
| Field | Nasdaq Stock Market | Shanghai Stock Exchange |
|---|---|---|
| Operating MIC | XNAS | XSHG |
| Segment MICs | 7 | 1 |
| Country | United States | China |
| Operator | Nasdaq, Inc. | Shanghai Stock Exchange |
| Operator LEI | 549300L8X1Q78ERXFD06 | 300300LRJ5FEZ23N8725 |
| Trading currency | USD | CNY |
| Timezone | America/New_York | Asia/Shanghai |
| Session (local) | 09:30–16:00 | 09:30–15:00 |
| Lunch break | none | 11:30-13:00 |
| Settlement | T+1 | T+1 |
| Covered listings | 18 | 1 |
| Covered listed value ≈ | $21.8tn | $250bn |
| Benchmarks | Nasdaq Composite, Nasdaq-100 | SSE Composite Index, SSE 50, STAR 50, CSI 300 (multi-venue) |
Nasdaq Stock Market
Home of most large-cap technology listings; fully electronic since 1971.
Shanghai Stock Exchange
Largest mainland-China exchange; access for foreign investors via Stock Connect.
"Covered listings" counts companies in the Finance Foundation dataset, not the venue's full listing count — the comparison is of our covered set, stated plainly. seed-0.6 · 2026-08-29.