Chronology

• 1866 - The first share list appeared in June.
• 1871 - Speculative bubble burst triggered by monetary panic.
• 1883 - Credit crisis resulted speculation in Chinese companies.
• 1890 - Bank crisis started from Hong Kong.
• 1891 - "Shanghai Sharebrokers Association" established.
• 1895 - Treaty of Shimonoseki opened Chinese market to foreign investors.
• 1904 - Renamed to "Shanghai Stock Exchange".
• 1909-1910 - Rubber boom.
• 1911 - Revolution and the abdication of the Qing Dynasty. Founding of the Republic of China.
• 1914 - Market closed for a few months due to the Great War (World War I).
• 1919 - Speculation in cotton shares.
• 1925 - Second rubber boom.
• 1929 - "Shanghai Securities & Commodities Exchange" and "Shanghai Chinese Merchant Exchange" were merged into the existing Shanghai Stock Exchange.
• 1931 - Incursion of Japanese forces into northern China.
• 1930s - The market was dominated by the rubber share price movements.
• 1941 - The market closed on Friday 5 December. Japanese troops occupied Shanghai.
• 1946-1949 - Temporary resumption of the Shanghai Stock Exchange until the Communist takeover. Founding of the People's Republic of China in 1949.
• 1978 - Deng Xiaoping re-opened China to the rest of the world.
• 1981 - Trading in treasury bonds were resumed.
• 1984 - Company stocks and corporate bonds emerged in Shanghai and a few other cities.
• 1990 - The present Shanghai Stock Exchange re-opened in November 26 and began operation on December 19.
• 2001-2005 - A four-year market slump which saw Shanghai's market value halved (after reaching a peak in 2001). A ban on new IPOs was put in April 2005 to curb the slump and allow more than US$200 billion of mostly state-owned equity to be converted to tradable shares.
• 2006 - The SSE resumed full operation as the yearlong ban on IPOs was lifted in May. The world's largest ever (US$21.9 billion) IPO by the Industrial and Commercial Bank of China (ICBC) was launched in both Shanghai and Hong Kong stock markets.^[6]
• 2007 - A "stock market frenzy" as speculative traders rush into the market, making China's stock exchange temporarily the world's second largest in terms of turnover.^[7] Fears of a market bubble and intervention by authorities caused large fluctuation not seen since the past decade.^{[8] [9]}
• 2008 - After reaching an all-time high of 6,124.044 points on October 16, 2007,^[10] the benchmark Shanghai Composite Index ended 2008 down a record 65%^[11] due mainly to the impact of the globa