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Is the Shanghai Composite Index’s biggest rise in history?

1. A single-day increase of 9.86% on October 23, 2001. At 21:00 on October 22, 2001, CCTV broadcast the news that the China Securities Regulatory Commission announced the suspension of measures to reduce state-owned shares.

The stock market plummeted in the past three months, with billions of market value evaporating every day. By October 22, it had fallen to 1,520 points, a decrease of nearly one-third, and the market capitalization decreased by 1.7 trillion yuan.

Opening on October 23rd.

The stock market had a cathartic blowout.

On that day, the Shanghai stock market rose by 9.86%, and the Shenzhen stock market rose by 10%. Hundreds of stocks went up to their daily limits crazily.

2. A single-day increase of 9.86% on September 19, 2008. On September 19, 2008, China’s securities market also experienced three major recovery news: unilateral imposition of stamp duty, Central Huijin’s purchase of stocks of three major banks, and the State-owned Assets Supervision and Administration Commission’s support for the increase of central enterprises.

Hold and repurchase shares.

The three bailout policies come from three major government departments, which means that the attitudes of various government departments are unprecedentedly consistent.

On that day, the trading volume of the Shanghai and Shenzhen stock markets hit a record high in recent times, with a full-day turnover of 103.096 billion yuan.

The Shanghai Composite Index closed at 2075.09 points, an increase of 9.46%, the largest single-day increase since October 23, 2001.

The Shenzhen Component Index reported 7154 points, an increase of 9%.

Extended information: Big drop: On March 23, 1995, A shares fell as much as 16.39%.

This sharp drop also created the largest single-day drop in A-share history, and the market was close to collapse.

On July 26, 2001, the reduction of state-owned shares officially began in the issuance of new shares. The stock market plummeted, and the Shanghai Stock Exchange Index fell 32.55 points.

By October 19, the Shanghai Stock Exchange Index had plummeted from 2,245 points on June 14 to 1,514 points, with more than 50 stocks falling below their limits.

That year, 80% of investors were trapped, the net value of the fund shrank by 40%, and brokerage commission income dropped by 30%.