在改革开放的历程中,股份制度和证券市场在我国逐步兴起,并得到迅速发展,成为社会主义市场经济不可或缺的重要组成部分。资本市场在现代金融市场中的作用日趋增大,成为与银行融资并驾齐驱的两大融资体系。 回顾中国证券市场的二十年,首先应以1981年上海代理发行国库券为开端,这时不论是上海还是深圳均不能发行和交易企业的各类证券。中国的第一张股票诞生于 In the process of reform and opening up, the stock system and securities market have been gradually rising in our country and have been rapidly developed, making them an indispensable and important part of the socialist market economy. The role of capital market in modern financial markets is increasing day by day, becoming the two major financing systems that keep pace with bank financing. Looking back to the two decades of China’s securities market, we should start with the issuance of treasury bonds by the Shanghai agent in 1981, when neither Shanghai nor Shenzhen could issue and trade all kinds of securities in the enterprise. China’s first stock was born