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Stock Markets

(1,860 words)

Author(s): Fischer, Doris | Soong, Eric Sandy | Schüller, Margot
1. People's Republic of China When it seized power in 1949, the Chinese Communist Party (CCP) outlawed trading in securities in Shanghai. The smaller stock markets in Beijing and Tianjin were allowed to continue their operations, although with interruptions, until 1952. Despite ideological reservations, the new government issued government bonds in order to improve its budgetary situation until 1959, but then halted all securities transactions. A gradual rebuilding of the securities markets, initiate…