China stock market has a history of more than 20 years from 1870 to now, which has gone through three periods: from 1870 to 1949 in Hongkong, Shanghai, Tianjin and Beiping, and from 1950 to/kloc in Tianjin and Beijing.

On September, 1986, Jing' an Business Department of Shanghai Industrial and Commercial Bank Trust and Investment Company started trading on the stock counter, mainly trading the shares of Lefei Audio and Zhong Yan Industry. In June, 1988, Haitong, Wanguo and Zhenxing were established in Shanghai, initially forming an OTC securities trading market.

Extended data

Types of securities market in China:

1, evidence securities

A written document that simply proves a fact, such as a letter of credit, evidence, bill of lading, etc.

2. Certificate securities

It refers to a written document, such as a certificate of deposit, that identifies the obligee as the legal obligee of private rights and proves that the obligee's obligations are effective.

3. Securities

It is a certificate that the index has a par balance, which is used to prove that the holder or a specific subject designated by the securities has ownership or creditor's rights to a specific property. The main feature that distinguishes it from the above two kinds of securities is transferability.

Baidu Encyclopedia-China Stock Market