Category: Money tips Release Date: 2006-12-07
Overview of China's stock market history
The highest index points: the Shanghai Composite 2245 points June 14, 2001
The highest-priced stocks: Yiankeji, 126.8 yuan, 2001
The largest single-day volume of two cities: 925 million, February 17, 2000
The largest cities Week Volume: 366.6 billion, 2006 May 15 to 19
80 years reform and opening up of the last century, there has been joint-stock enterprises, and the resulting stock market was born. Policy to support the stock 90's pilot. December 19, 1990 the establishment of Shanghai Stock Exchange and began trading. Index opened 96 points that day, the lowest limit-test a low 95.79 to close at 99.98. Points. Can say that this is a major policy of reform and opening up large stocks in this environment, birth to new things. From this day begins, in this country officially opened the curtain of the securities market, and began to be staged scenes tragicomedy.
90 era began trading. Exchange capacity constraints and in order to prevent the risk of narrowing the management of the two limit-limit movement of the Index from a year high of 135 dropped almost returned to the lowest point can be said that this section is a pilot Quotes and pilot adjustment. As the stock wealth effect, increasing the number of people involved in stock trading, supply and demand imbalance. Index from 104 points all the way up, interpretation of the first wave of stock market bull market. Deng Xiaoping's southern tour in 1992, his speech is certainly the securities market, while limit-board liberalization of restrictions on management, Shenzhen and Shanghai market staged comedy flourishes index rose 105%, followed by a record May 26, 1992 high of 1429 points, from the 104 points, the date of this bull market, an increase of almost 10 times, which is only a short period of one-year period.
This year, as long as you can make a fortune buying stocks seems a household word. This paragraph can be said that an open market, China's stock market has not shaken off the initial phase of a new market instability. Fall over boom has brought the index began to fall, this trend began to allow the market to investors who understand the market very risky. Also to all investors on the risk education classes for the first time. The first major adjustment in the stock market index from 1429 for six months straight sets 386,1992 years in December, due to the stock split, the original face value of more than 1 yuan stock split of face value of 1 yuan. Led to a significant reduction in stock prices, making the then more people can afford to buy the stock, which is equivalent to stock market fund large expansion, led directly to index November 17, 1992 386 points, straight up 1558 points, which lasted 3 months the re-interpretation of the wealth effect.
So far, two complete bull.
In February 1993 the stock market began to adjust. The overall economic environment bubble serious, serious inflation, the state increased the economic readjustment. The market adjusted to July 1994, a record low of 339. The adjustment of moving and tragic tragic.
August 1, 1994, the state was forced to take rescue measures announced three major positive. Stock index soared a record high point of the year 1045, while the back has taken a number of measures to rescue the market, but because of the national economy is in recovery. Index adjustment is still up to a record in February 1996 of more than 500 points so far.
In 1996, the country's economic recovery, coupled with the time of science and technology, develop national industry, the major policies and principles guide the national economy once again to glory. Performance of listed companies increased significantly while the stock market has to mature. The size of the completion of the two major exchanges trading transactions from the local area, popular throughout the country, greatly increased funding. A variety of positive factors, ushered in the great bull market in the securities market. Indexes more than 500 points from the start, after five years, to reach a high point in 2001, 2245. At the same time, the securities market has also exposed a lot of problems.
In 2001, the height of the stock bubble, the stock issuance over-expansion, market management and broker non-standard problems caused by explosion of the national economy from the coarse large-scale development and moving toward deepening the adjustment, merger eliminated. These negative factors have combined to make the market re-entry into a period of adjustment.
2001 to 2005, the adjustment is not only longer indexed, intensity, large; markets, management restructuring, as investors adjust so. The primary objective is for 10 years, a large sum up China's stock market for the market to mature and laid a solid foundation. As a basic completion of the management of judicial administration, as an investment people have basically completed the investment from perceptual to rational investment process, and that these changes are extremely difficult profound. Index in this transformation process took four years, completed in 2005, 1000 Point Adjustment trip.
In 2006, China's stock market basically completed the market to mature from the immature market changes, left over from history is resolved, investors slowly from the short-term investors, strategic investors as the main body toward the main body. The bull market and before the bull market are essentially all the difference. Although the current market, there is still a wide variety of problems, but as a whole, the market is gradually maturing, more and more rational investment. Overall economic environment has undergone profound changes, listed companies are also relatively toward norms. Can be expected that the next few years, the stock market will usher in greater and longer history, a high degree of the great bull market higher.
