China’s historical stock market trend China’s stock market history: Shenzhen Baoan United Investment Company, the first joint-stock enterprise in 1983, a group of poor students who had never seen the stock market in 1984, more than 20 graduate students from the Graduate Department of the People’s Bank of China (including Cai Chongzhi, Wu Xiaoling, Wei Benhua,
Hu Xiaolian, etc.), published the sensational "Discussion on China's Financial Reform Strategy", which for the first time talked about the idea of ??establishing a securities market in China.
The scale of the ideological storm caused by the Second China Financial Annual Conference in 1984.
Established on July 20, 1984, Beijing Tianqiao Department Store Co., Ltd. was the first joint-stock company.
In November 1984, Shanghai Feile Audio Co., Ltd., the first company to publicly issue shares in China, was established.
In January 1985, Shanghai Yanzhong Industrial Co., Ltd. was established and raised all funds from the public in the form of stocks, becoming the first collectively owned enterprise to publicly issue stocks to the public.
Fully tradable shares.
In 1985, Beijing Tianqiao Company began to issue shares.
In May 1987, Shenzhen Development Bank issued shares to the public for the first time, becoming the first in Shenzhen.
On September 26, 1986, the first securities counter trading point was the Jing'an Branch of Shanghai Trust and Investment Company of the Industrial and Commercial Bank of China.
1987-09-27 The first securities company, Shenzhen Special Economic Zone Securities Company, was established.
On July 9, 1988, the People's Bank of China held a symposium on the securities market, and the People's Bank of China took the lead in forming a stock exchange research and design group.
On December 19, 1990, the opening ceremony of the Shanghai Stock Exchange was held in Shanghai.
Zhu Rongji, then mayor of Shanghai, sounded the first gong for the opening of the Shanghai Stock Exchange at the Pujiang Hotel. Only 30 kinds of treasury bills, bonds and the so-called "Old Eight Stocks" (Yanzhong, Electric Vacuum, Large and Small Stocks) were listed for trading.
Feile, Aishi, Shenhua, Yuyuan, Xingye) stocks. On the same day, Shenyin Securities Company opened the first large account office in Shanghai, and the first generation of large individual securities investment/stock investors in China appeared.
On July 11, 1991, the Shanghai Stock Exchange launched stock accounts, gradually replacing shareholder name cards.
On July 15, 1991, the Shanghai Stock Exchange began to publish to the public the price change index of eight stocks in the Shanghai stock market.
On July 3, 1991, the Shenzhen Stock Exchange officially opened.
On December 1, 1990, the Shenzhen Stock Exchange "trial" opened.
On August 1, 1991, Qiong Energy was the first company to issue convertible corporate bonds.
On October 31, 1991, China Southern Glass Co., Ltd. and Shenzhen Property Development (Group) Co., Ltd. issued shares to the public. This was the first time a Chinese joint-stock enterprise issued B shares.
In January 1992, a type of ticket called "stock subscription warrant" appeared on the streets of Shanghai, producing a large number of subscription warrants, which are also a kind of warrants in a broad sense.
The warrant price was 30 yuan, which was later speculated to several hundred yuan.
On January 13, 1992, Industrial Real Estate shares were listed and traded on the Shanghai Stock Exchange. It was the first newly listed stock after the opening of the Shanghai Stock Exchange and the only real estate stock listed for trading in the country.
On January 19, 1992, Deng Xiaoping inspected Shenzhen for four days from now on. After understanding the situation of the Shenzhen stock market, he pointed out: "Some people say that stocks are capitalist. We tried it in Shanghai and Shenzhen first, and the results proved to be successful.
Yes, it seems that there are some things in capitalism that can be used in the socialist system. Even if it is wrong, it doesn’t matter! If it is wrong, it means shutting it down and reopening it later. There is no 100% correct thing. "Deng Xiaoping said, "If it doesn’t work, you can shut it down.
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On February 2, 1992, my country's first Sino-foreign joint venture stock, United Textile, was issued.
February 21, 1992: Electric Vacuum, the first B-share listed company, issued shares to foreign investors for the first time.
On March 2, 1992, the first lottery ceremony for the 1992 stock subscription certificates was held.
On May 21, 1992, the Shanghai stock market suddenly fully liberalized stock prices, and the market jumped directly to open higher at 1260.32 points, an increase of 104.27% from the previous day.
The Shanghai Stock Index jumped from 616 points to 1265 points that day. In just 3 days, it reached the top of 1420 points. The stock price soared, soaring 570%!
Among them, the face value of 5 new stocks has soared by 2500% to 3000%!
The Shanghai Composite Index crossed 1,000 points for the first time.
On July 7, 1992, Shenzhen Yuanye stock was suspended from trading.
On August 5, 1992, the Shenzhen Post Office received a 17.5 kilogram package, which actually contained 2,800 ID cards.
On August 10, 1992, the "8.10 Incident" occurred in Shenzhen's 1992 new stock subscription lottery table that shocked the country.
On October 12, 1992, the Securities Commission of the State Council and the China Securities Regulatory Commission were established.
In November 1992, the Shanghai stock market hit a new low of 393 points.
In just 5 months, the Shanghai Stock Exchange Index fell by thousands of points.
In November 1992, Shenzhen Baoan became the first domestic listed company to issue convertible bonds and the first listed company in China to issue warrants.