List of Bull and Bear Market Time in the Chinese Stock Market: The first bull market: December 19, 1990 to May 26, 1992 (96.05~1429) (one and a half years later, 1380%); the first bear market: May 26, 1992

~November 17, 1992 (1429~386) (half a year, -73%); the second bull market: November 17, 1992 ~ February 16, 1993 (386~1558) (three months later,

303%); the second bear market: February 16, 1993 to July 29, 1994 (1558~325) (17 months, -79%); the third bull market: July 29, 1994 to 1994

September 13, 1994 (325~1052) (one and a half months, 223%); the third bear market: September 13, 1994 ~ May 17, 1995 (1052~577 points) (eight months, -45%

); The fourth bull market: May 18, 1995 ~ May 22, 1995 (582 ~ 926) (three days, 59%); The fourth bear market: May 22, 1995 ~ January 19, 1996

Day (926~512) (eight months, -45%); fifth bull market: January 19, 1996 ~ May 12, 1997 (512~1510) (17 months, 194%); fifth

The second bear market: May 12, 1997 ~ May 18, 1999 (1510 ~ 1025) (two years, -33%); the sixth bull market: May 19, 1999 ~ June 14, 2001 (1047

~2245) (more than two years, 114%); the sixth bear market: June 14, 2001 ~ June 6, 2005 (2245~998) (more than four years, -55.5%); the seventh bull market:

June 6, 2005 ~ October 16, 2007 (998~6124) (two and a half years, 513%); The seventh bear market: October 16, 2007 ~ October 28, 2008 (6124~1664)

(One year, -73%); The eighth bull market: October 28, 2008 ~ August 4, 2009 (1664~3478) (more than nine months, 109%); The eighth bear market: August 2009

November 4 to December 4, 2012 (3478~1949) (more than three years, -39%); the ninth bull market: December 4, 2012 to February 18, 2013 (1949~2444, 23.56%

); The ninth bear market: February 18, 2013 ~ June 25, 2013 (2444 ~ 1849) (more than four months, -19%); The tenth bull market: June 25, 2013 ~ 2013

September 12 (1849~2270) (more than two months, 15%); the tenth bear market: September 12, 2013 ~ March 12, 2022 (2270~1974) (six months, -11%

); The eleventh bull market: March 12, 2022 ~ June 12, 2015 (1974 ~ 5166) (one year and three months, 162%); The eleventh bear market: June 12, 2015 ~

so far