On May 30, 2007, the A-share Shanghai Composite Index plunged 28 1.8 1, a decrease of 6.5%; The Shenzhen Component Index fell 829.45, down 6. 16. Among them, the largest decline of the Shanghai Composite Index reached 2 1.49% in just five trading days. The reason is that on the night of May 29th, the Ministry of Finance raised the stamp duty rate of stock transaction fees from 1‰ to 3‰, which directly became the last straw to crush the camel!
review
When the market opened on May 30, 2007, the Shanghai Composite Index opened 247.5438+0 lower than the previous trading day, and the market was in an uproar. It rebounded half an hour after the opening, when it only fell by 60 points. All parties thought that this time it would open lower and go higher like the last adjustment, and pull out the positive line again. Who would have thought that the stock market would start a sharp decline in the history of A shares?
After the opening, A shares fell from 9: 47 to the close, and the two cities plunged more than 6%.
Why?
A shares rose all the way from 998 in 2005 to May 29, 2007, and finally reached a high of 4335.96. During this period, most stocks rose irrationally and crazily, and most shareholders could make money. The government issued a series of warnings and measures, such as raising interest rates and deposit reserve, which failed to stop the crazy rise of the stock market. However, the news that the stamp duty on stock transactions was raised from 1% to 3% released by the Ministry of Finance on the night of May 29 became the fuse to reverse the situation, so the market began to plummet on May 30 and did not stop falling until 34044.438+05. Therefore, May 30th is of great significance to all investors.
Down limit?
Cockcrow in the middle of the night caused a total of 853 stocks in the two cities to fall on May 30! Among them, there are 508 A-shares in Shanghai, the smallest is Duolun (600696), with a decrease of 9.95%, and the largest is lotus gourmet powder (600 186), with a decrease of 10.04%. There are 345 A shares in Shenzhen, and the range is also 9.95%- 10.04%.
Click upper limit
Surprisingly, in such a plunging market, there are still ten stocks in the two cities with daily limit. They are:
Serial code? Name? Increase? Closing price?
1 ? 600370 ? Sanfangxiang? 10.03 ? 1 1.96
2 ? 600840 ? New Lake Entrepreneurship? 10.0 1 ? 15.38
3 ? 600258 ? BTG stock? 10.0 1 ? 37.27
4 ? 600352 ? Zhejiang Longsheng 10.00? 14.96
5 ? 600390 ? Jin Rui science and technology 10.00? 42.69
6 600963 ? Yueyang Paper 10.00? 24.43
7 ? 6007 17 ? Tianjin port 10.00? 24. 10
8 ? 000758 ? Zhongse shares? 10.00 ? 39.49
9 ? 0020 13 ? Avic seiki? 9.99 ? 2 1. 13
10 ? 000590 Ziguang Guhan? ? 9.99 14.76?
stamp tax
After the news that the Ministry of Finance announced that the stamp duty on stock transactions would be raised from 1% to 3% late at night on May 29, 2007, the stamp duty on stock transactions was maintained until April 24, 2008.
With the approval of the State Council, People's Republic of China (PRC) Ministry of Finance and State Taxation Administration of The People's Republic of China decided to adjust the stamp duty rate of securities (stock) transactions from the current 3‰ to 1‰ from April 24th, 2008.
On the evening of September 18, 2008, the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China issued another announcement, and from September 19, 2008, the stamp duty collection method for securities (stock) transactions was adjusted from the current bilateral taxation to unilateral taxation. This is the first time that China has substantially adjusted stamp duty after the reduction of stamp duty rate on April 24 this year, and it is also the first time that China's stock market has unilaterally adjusted since June 19 1.
At present, the policy of stamp duty 1‰ and unilateral collection has been maintained to this day.
Inspiration from May 30th?
The lessons of the May 30th crash for retail investors are painful. In this round of adjustment, which they dubbed the "stock market earthquake", the Shanghai Composite Index plummeted from 4,334 points to 3,404 points, with a drop of nearly 1,000 points in just a few days, and the market value shrank by nearly one trillion. The share prices of hundreds of listed companies have fallen by more than 40% for three consecutive days, and even "waist-cut" stocks abound ... Numerous investors are scrambling to cut their meat and escape, and those who can't escape have been trapped at the top of the mountain. ...
The reflection brought by the May 30th stock market crash is profound. Although the motivation for the introduction of regulatory policies is understandable, it has also played a role in curbing speculation in terms of its after-sales effect, but as far as the impact on the market is concerned, the timing and method of the introduction of policies are undoubtedly debatable. Market participants have noticed that since then, the management's thinking on securities market supervision has become more and more inclined to use market-oriented supervision means.