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 ≈ | $28.4tn | $241.3bn |
| 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, and "covered listed value" sums the computed market caps of those companies (close 2026-08-28) — a sum of estimates over a hand-picked set, not the venue's listed market capitalisation. The comparison is of our covered set, stated plainly. MIC data from the ISO 10383 registry, operator LEIs from GLEIF, session times compiled from each venue's published calendar. seed-0.7 · marketcap-1 · 2026-08-30 · sources.