In finance the term A share has two distinct meanings, both relating to
securities. The first is a designation for a "class" of common or preferred
stock. A shares of common or preferred stock typically have enhanced voting
rights or other benefits compared to the other forms of shares that may have
been created. The equity structure, or how many types of shares are offered, is
determined by the corporate charter.
In China, A shares are those in Chinese companies issued in China under
Chinese law. They are denominated in Chinese currency, the renminbi, and are
listed on the Shanghai or Shenzhen stock exchanges. Currently, only Chinese
residents of China may trade the 776 companies listed in Shanghai, and the 489
companies listed in Shenzhen.