When did China open its stock market?

History of China Stock Market 1983 The first joint-stock enterprise, Shenzhen Baoan United Investment Company 1984, a group of poor students who have never seen the stock market, and more than 20 graduate students from the People's Bank of China (including Cai Zhongzhi, Wu Xiaoling, Wei Benhua, Hu Xiaolian, etc.) published a sensational "Discussion on China's financial reform strategy", in which the idea of establishing a securities market in China was first talked about. The scale of the ideological storm caused by the second China Financial and Economic Annual Conference1984 65438+On July 20th, the first joint-stock company of Beijing Tianqiao Department Store Co., Ltd. was established 09841984165438+1October, the first joint-stock company of Le Fei Audio China-Shanghai Le Fei Audio Co., Ltd. was established/. 38+0 month, Shanghai Zhong Yan Industrial Co., Ltd. was established, all of which raised funds from the society in the form of shares, becoming the first collective-owned enterprise to publicly issue shares to the society. Fully tradable shares 1985, Beijing Tianqiao Company, began to issue shares. 1May, 987, SDB made its first public offering of shares to the public, becoming the first share in Shenzhen. On September 26th, the first securities counter trading point 1986, China Industrial and Commercial Bank Shanghai Trust and Investment Company Jing 'an Sub-branch 1987-09-27, and the first securities company Shenzhen Special Zone Securities Company was established on July 9th, 1988, the People's Bank of China held a securities market forum, and the research and design team of the stock exchange was led by the People's Bank of China. Zhu Rongji, then the mayor of Shanghai, sounded the first gong of Shanghai Stock Exchange in Pujiang Hotel, and 30 kinds of treasury bills, bonds and stocks known as "Old Eight Shares" (Zhong Yan, Electric Vacuum, Big and Small Lefei, Ai Shi, Shenhua, Yuyuan and Xingye) were listed and traded. On the same day, Shen Yin Securities Company opened the first large account in Shanghai, and the first generation of individual securities investors/shareholders in China appeared. At the close of every night, there is an endless stream of information exchange among Huangpu nations. On Shanghai Site1991July 1 1 day, the Shanghai Stock Exchange launched a stock account to gradually replace the shareholder name card. On July 5th, 199 1, Shanghai Stock Exchange began to announce the price change index of 8 stocks of Shanghai Stock Exchange to the public. On July 3rd, 2000, Shenzhen Stock Exchange officially opened. 1 9901990 February1,Shenzhen Stock Exchange "trial" opened,1991August1June 65438, the first company to issue convertible corporate bonds. 1992 1 month, a ticket called "stock subscription card" appeared on the streets of Shanghai, which produced a large number of subscription cards, and it was also a kind of warrant in a broad sense. The price of the warrant was 30 yuan, and it was later fired to several hundred yuan. 1992,65438+10, 13, Xingye Real Estate was listed on the Shanghai Stock Exchange, which is the first newly listed stock after the opening of the Shanghai Stock Exchange and the only real estate stock listed in China. 199265438+1October19, Deng Xiaoping will visit Shenzhen for four days from now. After understanding the Shenzhen stock market, he pointed out: "Some people say that stocks are capitalist. We first tried in Shanghai and Shenzhen, and the results proved to be successful. It seems that some things of capitalism can be used by the socialist system, even if they are wrong! It is wrong to close, and it will be opened later. There is nothing 100% correct. " On February 2, 2002, Deng Xiaoping issued the first Sino-foreign joint stock of United Textile Company. 1February 2, 9921The first B-share listed company issued shares to overseas investors for the first time. On March 2nd, 0992, the first lottery ceremony of 1992 stock subscription certificate was held. 1992 on may 2 1 day, the Shanghai stock market suddenly released its share price in an all-round way, and the market directly opened higher 1260.32 points, up as much as 104.27% compared with the previous day. On that day, the Shanghai Composite Index jumped from 6 16 to 1265. In just three days, it reached the top of 1420, and the stock price soared by 570%! The market value of five new shares soared from 2500% to 3000%! The Shanghai Composite Index crossed 1000 for the first time. On July 7th, 1992, Shenzhen Yuanye stock was suspended. 1On August 5, 1992, Shenzhen Post Office received a package weighing 17.5 kg, which contained 2,800 ID cards. On August 10, 0992, Shenzhen's new stock subscription lottery table was sold with 1992, which triggered the "8. 10 storm" that shocked the whole country. Three days after "August 10", the Shanghai stock market also fell by 22.2%. Compared with 1420 on May 25th, the Shanghai Composite Index plunged by more than 400 points, with a net drop of 640 points, with a drop of 45% in two and a half months. Seeing that the stock market is out of control, the regulatory authorities quickly pulled back from the brink and accelerated the listing of new shares. 199210 June 12, the State Council securities commission and China securities regulatory commission were established. 1992165438+10, the Shanghai stock market hit a new low of 393 points. In just five months, the Shanghai Composite Index fell by 1000 points+0,992, 1, 1 000, the first domestic convertible bond listed company in Baoan, Shenzhen, and the first domestic listed company to issue warrants. After that, the stock price rose sharply. I started to speculate in stocks inexplicably and made a fortune. 1992, due to the purchase of stock subscription certificates, a large number of stock buyers appeared. 1995, a large number of stock buyers were basically eliminated due to the national debt storm. 1from February to March, 1993, it was called the first big bear market in China stock market. The main reason was the macro-tightening of the country to curb the overheating of the economy. Almost all the second batch of subscription cards of 1993 were lost. From then on, the subscription certificate disappeared1558 February1558+0993 April/KLOC-0 March, Shenzhen Stock Exchange was circulated to Beijing1993 April 22, and the Provisional Regulations on the Administration of Stock Issuance and Trading was officially promulgated and implemented. On May 3rd 1993, the stock price indexes classified by SSE are divided into five categories: industry, commerce, real estate, public utilities and comprehensive * * * 1 June 9931"China Stock Price Index" jointly compiled by Shanghai and Shenzhen Stock Exchanges. On June 29th, 1993, Tsingtao Brewery's first H-share listed company was officially listed in Hong Kong. 65438+1July 7th, 1993, the State Council Stock Exchange was issued on August 6th, 1993, and all A-shares listed on Shanghai Stock Exchange adopted call auction. 65438+ Zibo Fund, the first listed investment fund On August 20, 1993+September 30, 1993, china baoan Group Co., Ltd. announced that it held more than 5% of the common stock issued by Shanghai Zhong Yan Industrial Co., Ltd., thus opening the first page of China's acquisition of listed companies. Security acquired the equity of Zhong Yan Industrial through the secondary stock market as "Baoyan Storm" 1993 10 10. On October 25th, the Shanghai Stock Exchange opened the treasury bond futures trading to the public. 1In April, 1994, the first state-owned shares of Prism were converted into legal person shares.1In June, 1994, the first state-owned shares of Lujiazui were issued through online bidding.1On July 28th, 1994, People's Daily published Measures of CSRC and relevant departments of the State Council on stabilizing and developing the stock market. 1July 29, 994' Stock Crash'1July 30, 994' Stop issuing new shares, allow brokers to raise funds and set up Sino-foreign joint venture funds' to rescue the market. The Shanghai Composite Index rose from 333.92 points at the close of the day to 1052.94 points in September, with a cumulative increase. 1995, the index played a roller coaster under the policy order: 1995 65438+ 10/,and the trading system of t+1 will be implemented from now on. 1February 23, 995, the "327 storm" in Shanghai's national debt market appeared in history. 1March, 1995, the securities market developed for more than four years, entered the government work report and got the birth permit. 1995 May 17, China Securities Regulatory Commission issued the "Emergency Notice on Suspending the Pilot Trading of Treasury Bond Futures" and agreed to close the position. 1995 may 18, the trial of treasury bond futures trading was suspended, and the Shanghai A-share market opened at 130. The Shanghai Composite Index rose more than 40% that day. 1Only two days after May 20th, 995, the biggest gap in the new China stock market was enlarged to 8.493 billion yuan, 1.995. The the State Council Securities Regulatory Commission announced that the scale of new share issuance in that year would be released in the second quarter, and the Shanghai Composite Index instantly fell to 1.639%. 1July 995 1 1 day, China Securities Regulatory Commission officially joined the international organization of the CSRC. 1995 faw Jinbei's first loss-making company 1996 Shanghai stock market is like a big turntable, from more than 500 points at the beginning of the year to 1250 points; Shenzhen stock market is even crazier, rising from more than 900 points at the beginning of the year to 4200 points. To buy new shares offline, you should bring cash to your door. 1 April, 19961day, the People's Bank of China issued a notice saying that it would no longer handle new value-added savings business. On April 24th, 1996, the Shanghai Stock Exchange decided to lower seven market charging standards, including annual transaction fees. 1April 25, 996 "Shen Yin wanguo securities co., ltd" was merged and established. 1On May 29th, 996, Dow Jones launched the China Stock Index, namely Dow Jones China Index, Shanghai Stock Exchange Index and Shenzhen Stock Exchange Index. 1On September 24th, 1996, the Shanghai Stock Exchange decided to lower the standards of commission and handling fee for stock and fund transactions respectively from June 3rd. At the same time, the securities trading mode has been greatly adjusted, that is, from the original tangible seat trading mode to the combination of tangible and intangible, with intangible as the main trading mode. Since June 65438+ 10, the off-site intangible seat quotation trading method has been fully promoted. 1996 after the national day, the stock market was all red. The CSRC couldn't sit still, and a cold wind blew into the stock market in an attempt to cool down, but the market continued to climb. 1996 12 16 people's daily special commentator's article "correctly understanding the current stock market" [compiled by Zhou Zhengqing, chairman of the third CSRC] "The recent surge is abnormal and irrational." This caused the market to plummet. 199665438+February 16. The price of stocks listed and traded on the Shanghai and Shenzhen stock exchanges shall not exceed the previous day's closing price 10%.

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