The historical high point of the Shanghai Composite Index is 6124.04, and the historical high point of the Shenzhen Composite Index is 19600.03.

The starting point of the seventh bull market came from the launch of the share-trading reform in May 2005. The large-scale issuance of open-end funds and the expected appreciation of the renminbi brought about excess domestic liquidity and funds entered the market.

The stock index started from 998 points and reached a historical high of 6124 points in just two years, an increase of 513.49%. This is the most magnificent bull market in the Chinese stock market so far.

Along with the crazy issuance of funds and market optimism, the increase in stamp duty on May 30 failed to change the trajectory of the market, and it shot all the way up to 6124 points.

This bull market was once called an era of national stock speculation by the media.

Then it entered a bear market. From 2007 to 2008, the index plummeted. In just one year, the stock index plummeted from 6124 points to 1664 points.

A-shares, or RMB common stocks, are issued by companies registered in China, listed domestically, with face value expressed in RMB, for domestic institutions, organizations or individuals (from April 1, 2013, residents of Hong Kong, Macao and Taiwan in the country can open A-shares

Account) common shares subscribed and traded in RMB.

The English letter A has no practical meaning and is only used to distinguish RMB ordinary stocks and RMB special stocks.

A shares are not physical stocks. They use paperless electronic accounting and implement a "T+1" delivery system. There is a price limit (10%). The participating investors are mainland Chinese institutions or individuals.

The stocks of listed companies in China include A shares, B shares, H shares, N shares and S shares.

On January 27, 2020, the China Securities Regulatory Commission issued a notice to all securities and futures exchanges. All securities and futures exchanges will be closed on January 31 and will open as usual from February 3.