finance.foundation / Markets / XTKS vs XSHG
Venue comparison · seed-0.6 · 2026-08-29
Japan Exchange Group (TSE) (XTKS) vs Shanghai Stock Exchange (XSHG)
Japan Exchange Group (TSE) and Shanghai Stock Exchange compared by ISO 10383 identity, operator, trading session, settlement cycle and covered listings.
| Field | Japan Exchange Group (TSE) | Shanghai Stock Exchange |
|---|---|---|
| Operating MIC | XTKS | XSHG |
| Segment MICs | 5 | 1 |
| Country | Japan | China |
| Operator | Japan Exchange Group | Shanghai Stock Exchange |
| Operator LEI | 353800578ADEGIJTVW07 | 300300LRJ5FEZ23N8725 |
| Trading currency | JPY | CNY |
| Timezone | Asia/Tokyo | Asia/Shanghai |
| Session (local) | 09:00–15:30 | 09:30–15:00 |
| Lunch break | 11:30-12:30 | 11:30-13:00 |
| Settlement | T+2 | T+1 |
| Covered listings | 8 | 1 |
| Covered listed value ≈ | $1.1tn | $250bn |
| Benchmarks | Nikkei 225, TOPIX, JPX-Nikkei Index 400 | SSE Composite Index, SSE 50, STAR 50, CSI 300 (multi-venue) |
Japan Exchange Group (TSE)
Tokyo Stock Exchange; largest equity market in Asia by developed-market standards.
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.