(1) China held a grand military parade and an unprecedented National Games for the 60th anniversary of the founding of New China; ?
(2) China's automobile production exceeded130,000 vehicles, making it the largest automobile producer in the world; ?
(3) China's economic scale exceeds that of Japan, ranking second in the world; ?
(4) The normal storage capacity of the Three Gorges Dam is1.75m, which indicates that the Three Gorges Project is basically completed.
(5) The Growth Enterprise Market was successfully launched, and the country's annual economic growth rate exceeded 8.5%, ranking first in the world.
(6)ST share reform is standardized, and the disclosure of information is open, fair and transparent, which has become the most beautiful landscape of the world stock market.
The biggest feature of China stock market is that state-owned shares and legal person shares promise not to circulate when they are listed, so only the tradable shares are traded in the market according to the share price, but the index is weighted according to the total share capital, which forms the characteristic of "less control and more control" in trading.
For example, before 1997, Northeast Electric and Jilin Chemical were more prominent. Because their total share capital is large and the number of shares in circulation is small, only a small amount of funds can be used to influence these two stocks, and partial control over the index can be formed.
After 200 1 year, China Securities Regulatory Commission gradually proposed to solve the problem of non-circulation of state-owned shares and revitalize state-owned assets, and successively issued some plans. However, at the initial stage of listing and issuance, circulating shareholders bought circulating shares at a super-high P/E ratio, which more or less harmed the interests of circulating shareholders, so the market's response to the reform of "reduction of state-owned shares" was to submit to humiliation.
However, in 2005, China Securities Regulatory Commission once again proposed "the reform of non-tradable shares", the essence of which is still the reduction of state-owned shares. The difference is that this reform aims at eliminating the non-tradable shares, and even the circulation of legal person shares is included, which has aroused great disapproval in the market.
Therefore, at 20 1 1, the China stock market entered a big bear market, ranking first in the world, and all the way down to the original point of 2228 points a few years ago.
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