How many experiences have you experienced in 30 years of A-share?

category:Finance
 How many experiences have you experienced in 30 years of A-share?


The 30-year-old A-share has gone through a hundred years of other peoples road. We are all witnesses, witnesses and creators of this legend.

December 1, 1990

Shenzhen Stock Exchange began its trial operation and officially opened on July 3, 1991. Who is the first stock exchange in New China between Shanghai Stock Exchange and Shenzhen Stock Exchange has become a suspense.

The Shanghai Stock Exchange opened. In the early days of Shanghai Stock Exchange, only 8 listed companies were listed, commonly known as old eight stocks.

There were stock subscription certificates in Shanghai and Shenzhen. A 30 yuan subscription card has four lottery opportunities, and the winner can take the money to the designated counter to buy stocks.

October 1992

The establishment of China Securities Regulatory Commission marks that Chinas capital market has begun to be incorporated into the national unified regulatory framework, and the national market has thus begun to develop.

February 23, 1995

March 27, 1998

China Southern Fund and Cathay Pacific Fund initiated the establishment of the first batch of closed-end funds in China, fund Kaiyuan and Jintai, marking the birth of Chinas first batch of real investment funds, which also became the birthday of public funds. In the era when the per capita annual income was only 5425 yuan, people flocked to securities companies and queued up to subscribe for funds. The fund of 161.6 billion yuan was frozen in the subscription, but the winning rate was only 2%. It is said that the scene of that year was much harder than that of father Mas double 11.

December 29, 1998

The Securities Law of the peoples Republic of China was deliberated and passed and formally implemented on July 1, 1999. On December 28, 2019, the new securities law was deliberated and passed, and will come into force on March 1, 2020.

May 19, 1999

519 market broke out. From May 19, 1999 to June 12, 2001, the Shanghai Composite Index rose from 1047 to 2245. The bull market in the past two years has more than doubled. At that time, anyone who wanted to have a relationship with a banker would be promoted immediately. When most market participants recall the 519 market, they all refer to the term banker, which makes the market love hate intertwined.

October 2000

Finance and economics magazine published the cover story fund dark. At the end of 2000, China Securities Regulatory Commission (CSRC) carried out a comprehensive inspection on fund companies. As a result, 8 out of 10 companies had conducted abnormal trading operations. The explosion of the bomb of fund black curtain has pushed Chinas fund industry onto the track of legal, normative and steady development.

September 11, 2001

The first open-end fund, Huaan innovation securities investment fund, was born. It is said that the team that bought the first open-end fund even ranked from the Bank of communications to the industrial and Commercial Bank of China.

July 9, 2003

QFII officially landed in Chinas securities market, and UBS became the first QFII to invest in Chinas domestic market. Since then, the situation of a and foreign capital gradually formed.

May 18, 2004

Shenzhen Stock Exchange set up the SME board. On June 25, the small and medium-sized board was opened, and eight stocks listed collectively were called new eight shares.

May 9, 2005

The pilot reform of non tradable shares was officially launched. Shang Fulin, chairman of the Securities Regulatory Commission at that time, proposed that there is no turning back in the bow. The split share structure reform has become the most direct fuse of the bull market in 2006-2007.

October 16, 2007

The Shanghai Composite Index reached 6124.04, the peak of the bull market. During this period, the phenomenon of national stock speculation and savings moving house appeared.

November 5, 2007

PetroChina, Asias most profitable company, made a high-profile landing on A-shares and opened with a cap price of 48.6 yuan, immediately becoming the listed company with the largest market value in the world. But PetroChina fell all the way after its listing, never returning to 48 yuan.

Wenchuan earthquake occurred. During the donation boom, many listed companies donated tens of millions. The only securities operating agency in Wenchuan County -- the Wenchuan Service Department of Hexing securities has set up tent outlets.

October 30, 2009

The first batch of 28 stocks were issued at the same time in the GEM market, setting a new record for the simultaneous issuance of multiple shares in Chinas stock market.

March 31, 2010

The pilot project of margin trading was launched. On April 16, 2010, stock index futures were listed.

The Shanghai Composite Index surged 5.96%. After verification, there are design defects in the self operated strategic trading system of Everbright Securities, resulting in market changes on the same day. This is the biggest Oolong event so far in the A-share market.

November 17, 2014

The Shanghai Hong Kong Stock Exchange officially started. On December 5th, 2016, Shenzhen Hong Kong Tong also officially started its voyage. The opening of Shanghai Hong Kong Stock Exchange and Shenzhen Hong Kong stock connect has further promoted the internationalization of domestic securities market.

April 20, 2015

The trading volume of Shanghai Stock Exchange exceeded one trillion yuan, which led to the system explosion, setting the highest transaction value in the history of global trading. Since the second half of 2014, the fourth round of bull market of a shares was started, and reached the peak of 5178 points in June 2015.

June 15, 2015

From June 15 to July 8, the Shanghai Composite Index fell 32% in 17 trading days, causing market panic. After that, the central bank announced a cut in interest rates and reserve requirements, and national funds entered the rescue market from July 9.

Xu Xiang is suspected of breaking the law and committing a crime, and is taken criminal compulsory measures by the public security organ. On January 23, 2017, Xu Xiang was sentenced to five years and six months in prison for the crime of manipulating the securities market.

January 4, 2016

A-share index circuit breaker mechanism opened. On January 4 and January 7, a shares experienced four fusions in two days. On January 8, the index circuit breaker mechanism was suspended. During this period, A-share has repeatedly staged the scene of 1000 shares down limit.

June 2017

The fourth impact of the MSCI index of a shares finally broke through the barrier, marking that a shares opened the door to the world. A year later, FTSE Russell, the worlds second largest index company, announced that it would incorporate a shares into its global stock index system. In July 2018, the event of long life biological pseudovaccine was fermented. On November 16, the Shanghai and Shenzhen Stock Exchange issued the measures for the implementation of compulsory delisting of Listed Companies in major violation of laws, and the Shenzhen Stock Exchange announced the initiation of the compulsory delisting mechanism for major illegal listing of Changsheng biological products. On July 22, 2019, the first batch of 25 stocks of the science and technology innovation board were listed on the Shanghai Stock Exchange, and the science and technology innovation board was officially opened. On August 24, 2020, the first batch of 18 new shares of gem registration system were listed. Source: China Securities Journal Editor in charge: Yang Bin_ NF4368

The fourth impact of the MSCI index of a shares finally broke through the barrier, marking that a shares opened the door to the world. A year later, FTSE Russell, the worlds second largest index company, announced that it would incorporate a shares into its global stock index system.

July 2018

July 22, 2019

The first batch of 25 stocks of the science and technology innovation board were listed on the Shanghai Stock Exchange, and the science and technology innovation board was officially opened.

August 24, 2020

The first batch of 18 new shares were listed on the gem registration system.