19 16, Sun Yat-sen and Yu Qiaqing, a Shanghai businessman, jointly proposed to organize the Shanghai Stock Exchange Co., Ltd., and submitted the articles of association and explanations to the Ministry of Agriculture, Industry and Commerce for approval. 1 920 February1day, the Shanghai Stock Exchange held its inaugural meeting in the General Chamber of Commerce. On February 6th, the Board of Directors of the Exchange held a meeting and elected Yu Qiaqing as the chairman.

1920 in June, the Ministry of Agriculture and Commerce finally approved the establishment of a stock exchange in Shanghai. The operation mode is based on Japanese research institute and employs Japanese consultants. 1 920 July1day, the stock exchange opened in the form of a joint-stock company, and the trading targets were divided into seven categories, such as securities and cotton. This is the earliest stock in China Hyundai.

Extended data:

Ordinary shareholders enjoy the following basic rights in proportion to their shares:

1, the company's decision-making participation right. Ordinary shareholders have the right to attend shareholders' meetings, to propose, vote and vote, or to entrust others to exercise shareholders' rights on their behalf.

2. Profit distribution right. Ordinary shareholders have the right to receive dividends from the company's profit distribution. The dividend of common stock is not fixed, which is determined by the profitability of the company and its distribution policy. Ordinary shareholders must receive fixed dividends from preferred shareholders in order to enjoy dividend distribution rights.

3. Preemptive right. If the company needs to expand and issue more common shares, the existing common shareholders have the right to buy a certain number of newly issued shares at a certain price lower than the market price according to their shareholding ratio, so as to maintain their original enterprise ownership ratio.

4. Distribution right of remaining assets. When the company goes bankrupt or liquidates, if there is any surplus company assets after paying off debts, the rest will be distributed in the order of preferred shareholders first and common shareholders later.

Baidu encyclopedia-stock