Trial and Error: Ten Thousand Whys of the Chinese Stock Market

Author: Shui Pi
Publisher:
Publish Date: 2006-04-01
Features: On March 17, 2005, Premier Wen Jiabao answered reporters' questions at the press conference of the "Two Sessions." When would the Chinese stock market emerge from its slump became the most clicked question online. It seemed that the Chinese capital market had entered a dead end, as stimulus from policy-friendly measures had become ineffective. April 13, 2005, was a historically significant turning point for the Chinese stock market. The China Securities Regulatory Commission announced that the timing for the pilot program of the corporate structure reform was ripe. With the suspension of the pilot programs on May 7, the Chinese stock market entered the post-corporate structure reform era.