Trial and error: A series of 100,000 why questions about 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 "Two Sessions" press 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, as policy stimulus had failed to work. 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.