China stock market is based on 199065438+February19, starting from 100; The Shanghai Composite Index soared to 1429 on May 26th, 1992, which was the first "peak" of the bull market in China. A year and a half later, the Shanghai Composite Index rose 1329%. After that, the stock market quickly fell back and fell into panic. 1992 165438+1October16 After a five-month plunge, the Shanghai Composite Index almost recovered to its original shape and fell below 400 points.
The Shanghai Composite Index set sail from the low of 400 points at the end of 1992, and started the second round of "daily limit". This time, the rally was even more violent, from around 400 points to 1536.82 points closed in February 1993 (the Shanghai Composite Index broke through 1500 points for the first time). In just three months, the stock market rose by 284%, and the Shanghai Composite Index rose by 1 100 points. After four days of consolidation above 1500, the stock index turned around and continued to fall. This time, the decline basically did not encounter any strength, but it lasted for 17 months, and the decline time was longer than the previous round. 1994 On July 29th, the Shanghai Composite Index 1994 fell to the lowest point of this round of market, closing at 333.92 points.
Due to the policy of three rescues, 1 August 19941started a new round of market. This bull market is fiercer and shorter. In just over a month, the Shanghai Composite Index soared to the highest point 1053 in September 1994, accounting for 2 15%. Then a longer bear market began.
Until 199665438+1October19, the Shanghai Composite Index fell to the lowest point of 5 12 .80. This round of decline took 16 months in total.
This big bull market began quietly in the disclosure of the regular annual report in early 1996. The Shanghai Composite Index started at 500 points in 1996 65438+ 10/9 and reached 15 12 in May. The Shanghai Composite Index rose nearly 300% in less than half a year, and the market soared 1000 points. The stock market began a two-year "adjustment" in the second half of 1997, and fell to 1047 in May.
1999,' 519' market blowout. In just one and a half months, the stock index rose by nearly 70%. 1999 On June 30th, the Shanghai Composite Index rose to 1756. Breaking the historical "box top" (1500 points) for the first time is hard for investors to accept. Then the stock market plummeted. On June 4th, 2000, the Shanghai Composite Index reached 136 1.
Stimulated by the sharp rise of European and American stock markets, China stock market finally struggled and finally rushed to the "highest point" of the current market. On 2001June 14, the Shanghai Composite Index hit a record high of 2,245 points. From then on, it officially declared the real end of this big bull market in China.