February 18th.

The market will be closed during the Spring Festival this year from February 11 (Thursday) to February 17 (Wednesday). Normal trading will begin on February 18 (Thursday), and then in February The market will be closed on the 7th (Sunday) and February 20th (Saturday). The opening and closing times of the stock market during the Spring Festival this year are February 18 and February 11.

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. Later, affected by the "3.27 Treasury Bond Futures Incident", China's futures market underwent a comprehensive rectification and cleanup in 1995, and China's stock market became the target of support.

In this way, the stock market ushered in real benefits and entered a period of great development.

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".

The biggest feature of China’s stock market is that state-owned shares and legal person shares promise not to be circulated when listed. For example, the most obvious ones are Northeast Electric and Jilin Chemical before 1997. Since their total share capital was large and the number of circulating shares was small, only a small amount of funds were used to affect these two stocks, which could form partial control of the index.

After 2001, the China Securities Regulatory Commission gradually proposed to solve the problem of non-tradable state-owned shares and to revitalize state-owned assets, and it has introduced some plans. However, because in the initial listing and issuance stage, circulating shareholders purchased circulating shares at an ultra-high price-to-earnings ratio, and these plans introduced have more or less harmed the interests of circulating shareholders, so the market has reduced its holdings of state-owned shares in the name of a bearish trend. market response to reforms. Later, under pressure from the market, the China Securities Regulatory Commission announced the suspension of the reform of "reducing state-owned shares".

However, in 2005, the China Securities Regulatory Commission once again proposed the "share-trading reform", whose essence was still the reduction of state-owned shares. The difference is that this reform aimed at eliminating the share-trading reform, including the reduction of legal person shares. Circulation was included, which caused great disapproval in the market.