Stock: 199065438+February19, Shanghai Stock Exchange officially opened; 1991July 3, the Shenzhen Stock Exchange officially opened. The establishment of these two exchanges marks the formation of People's Republic of China (PRC) stock market. On July 1 9981day, China's Securities Law came into effect.

Futures:199010/0/0 12 China Zhengzhou Grain Wholesale Market was approved by the State Council, and based on spot trading, the futures trading mechanism was introduced as the first commodity futures market in China. The Regulations on the Management of Futures Trading was formally implemented on April 15, 2007, but the legislation of the Futures Law is still in progress.