According to ‘Chinese Capital Market: An Empirical Overview’, which of following statements about Shanghai Stock Exchange centre is INCORRECT?Single choice
a. Trading in the Shanghai Stock Exchange is executed through a centralized electronic limit order book, based on the principle of ‘price first and time first’.
b. Located in the Pudong New Area of Shanghai, Shanghai Stock Exchange is directly administrated by the China Securities Regulatory Commission (CSRC).
c. Since early 2000s, Shanghai Stock Exchange formally launched the Small and Medium Enterprises Board (SME Board) to list and trade shares of small- and medium-size firms.
d. Nowadays, Shanghai Stock Exchange is the largest stock market in mainland China in terms of total market capitalization and trading volume.
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