According to ‘Chinese Capital Market: An Empirical Overview’, which of following statements about Shanghai Stock Exchange centre is INCORRECT?单项选择题

题目图片
A

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

b. Located in the Pudong New Area of Shanghai, Shanghai Stock Exchange is directly administrated by the China Securities Regulatory Commission (CSRC).

C

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

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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