Earlier back in 1990 and 1991, China stepped out setting up stock exchanges in Shanghai and Shenzhen. Since then, Chinas stock market has been on an express. Now it amazes the world by completing a move which might take other countries over a deoxycytidine monophosphate to cover within only a decade. Today, Chinas stock market already has capital approaching 3,705.6 billion yuan, 1,377 listed companies and 72.16 million investors, playacting a more and more important role in the world.
Being a unique stock market in the largest developing country, the importance of the stock market in China has been proving itself out all the time. It has promoted the reform of state-owned enterprises and the change of their systems, and enabled a lasting transition between the two systems. Without it, many large state-owned enterprises wouldnt have even realized system change in the past decade. The change also has stimulated medium and small-sized state-owned enterprises to conduct the shareholding system, and find financing ways for them once listing. As for commonplace citizens, the days when they have no other choice traffic with their extra money but to turn it into the bank sediment have gone for ever. The stock market now has let one of the most important channels for investment.
Obviously, the last few years have seen a lot of achievements in Chinas stock market. For example, methods of stock trading are evermore being improved, with a network system for securities exchange and name settlement. The welcome invitation has been sent to the foreign investors interested in unveiling Chinas rapidly developing and securities market as shareholders in fund-management and securities companies. Whats more, the whole market has been perfected by various laws and regulations to make it more standard.
Here when we come to this topic, we should never forget the year 2007 when the Chinese stock markets now skyrocketed to unique and precarious heights, and...If you want to get a full essay, establish it on our website: Orderessay
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