China’s stock market is the stock market of the People’s Republic of China. It started as a pilot project in 1989 and was established based on the concept of launching if the trial goes well and stopping if the trial fails. Therefore, in the operation of the stock market before 1995, the biggest negative news was usually the news that China's stock market pilot program would be suspended or the stock market would be closed.

The biggest feature of China’s stock market is that state-owned shares and legal person shares are promised not to be tradable when they are listed. Therefore, only tradable shares of each stock are traded in the market according to the stock price. However, the index is calculated based on the weight of the total share capital, thus forming a trading The characteristic of "controlling more with less".

Not only GEM, but also fraud in China's securities market has become a chronic disease of China's economic development. GEM has received special attention due to its obvious wealth creation effect. The proliferation of counterfeiting will completely destroy the securities market's goal of developing China's high-tech and using the securities market to cultivate future seed companies.

Among the top ten stock exchanges in the world by market capitalization, only the stock exchanges in China and India currently have no overseas companies listed. Establishing and improving the international board is the only way for my country's capital market to gradually open up and mature.