Trial and Error---The Ten Thousand Whys Series of China's Stock Market

Author: Shi Pi
Publisher:
Publish Date: 2006-04-01
Features: On March 17, 2005, Premier Wen Jiabao answered reporters' questions at the "Two Sessions" news conference. 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, with policy stimulus failing to take effect. 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.