In the stock market operation before 1995, the biggest negative news is usually the news that the China stock market pilot will stop and the stock market will be closed. After the "3.27 Treasury bond futures incident", the China futures market was completely rectified and cleaned up on 1995, and the China stock market became the object of support, which ushered in a real positive and entered a period of great development.
The biggest feature of China stock market is that state-owned shares and legal person shares promise not to circulate when they are listed, so only the tradable shares are traded in the market according to the share price, but the index is calculated according to the total share capital, thus forming the characteristic of "controlling more with less" in trading.
Extended data:
China Stock Market Event Record
1in July, 1984, with the approval of the People's Bank of China, Beijing Tianqiao Co., Ltd. and Shanghai Le Fei Audio Co., Ltd. issued shares to the public.
1992 on September 24th, Zhu Rongji, Vice Premier of the State Council, inspected Shenzhen, saying: "The confidence and determination in listing the stock market are unshakable, and Shenzhen and Shanghai will become the national stock exchange center and serve the whole country."
200 1 1 Economist Wu Jinglian published the famous "Casino Theory" on CCTV, and five economists publicly responded to Wu Jinglian's point of view, thus opening the prelude to the discussion on China stock market.
On June 23rd, 2002, the State Council decided to stop using the securities market to reduce the state-owned shares of domestic listed companies, except for overseas listing, and no specific implementation measures were introduced. The "reduction of state-owned shares" was officially stopped. The blowout market broke out the next day.
From February 5 to 7, 2009, the Central Economic Work Conference was held in Beijing. The meeting proposed: "We should actively expand direct financing to guide and standardize the healthy development of the capital market." .
Baidu Encyclopedia-China Stock Market