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
December 19, 1990
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.
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
The short positions represented by Wanguo Securities and the Bulls represented by China Economic Development Development Development Co., Ltd. started gambling on 327 treasury bond futures contracts. That night, the Shanghai Stock Exchange announced that there were serious violations in the last 8 minutes of trading, which was invalid. The 327 national debt incident directly led to the bankruptcy of Wanguo Securities and the imprisonment of general manager Guan Jinsheng. Wei Wenyuan, the general manager of Shanghai Stock Exchange, was removed from office, resulting in a serious loss of 4 billion yuan. A trader named Chen Wanning, who lost 70 million yuan in the incident, left the stock market in a gloomy mood. A few years later, he wrote the biography of Wulin under the pseudonym of Ning Caishen.
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
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.
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.
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
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.
May 12, 2008
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.
August 16, 2013
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
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.
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.
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.
Pseudovaccine event fermentation. 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.
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.
The first batch of 18 new shares were listed on the gem registration system.