Stock Market in China Before Stock Market in China Before l949 1949 1891 and exchange The second stock exchange was established in Both exchanges stopped the transaction in Ch tw wege merged into HK Stock Exchange Most of the transactions were manipulated by ple shares in 1872-1910(Qing Era) the banks in Shanghai. Stock Market in China Before 1949 5.2 Stock Markets in China Since 980 Sample shares in the Chinese Republic( 1911-1949) Stock Market from 950 to 980 Shanghai Stock Exchange was closed in June 5.2 Stock Markets in China 1949 Since 980 Tianjin Stock Exchange was reestablished in Beijing Stock Exchange was established in Feb. 950 Transactions in both exchanges became thinner2 5-7 Stock Market in China Before 1949 — HK Stock Trading Association was established in 1891, and changed the name to HK stock exchange in 1914. — The second stock exchange was established in 1921. — Both exchanges stopped the transaction in 1941. — The two were merged into HK Stock Exchange Co. Ltd. in 1947. — Market size was small compared with Shanghai. — Most of the transactions were manipulated by the banks in Shanghai. Sample shares in 1872-1910 (Qing Era) Stock Market in China Before 1949 5-8 5-9 Stock Market in China Before 1949 Sample shares in the Chinese Republic (1911-1949) 5.2 Stock Markets in China Since1980 5-10 5.2 Stock Markets in China Since1980 5-11 5-12 Stock Market from 1950 to 1980 — Shanghai Stock Exchange was closed in June 1949. — Tianjin Stock Exchange was reestablished in June 1949, which became the first stock exchange in PRC. — Beijing Stock Exchange was established in Feb.1950. — Transactions in both exchanges became thinner with the stabilization of finance and commodity prices