China Stocks Go From Zero to $7 Trillion in 25 Years: Timeline
- Shanghai Stock Exchange celebrates its 25th anniversary
- China has the world's largest equity market after the U.S.
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This year has been a wild ride for Chinese stocks, something that long-time investors have come to expect from a country that’s seen 55 bull and bear markets since the ruling Communist Party first allowed equity trading in 1990. As the Shanghai Stock Exchange celebrates it’s 25th anniversary on Thursday, here’s a look at some of the key milestones on China’s path from equity-market upstart to $7 trillion behemoth.
The start of the modern Shanghai exchange. The bourse now has more than 1,000 listed companies and an average daily turnover that reached 564 billion yuan ($88 billion) this year, according to data compiled by Bloomberg.