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 tr…
Cite this page
Soong, Eric Sandy and
“Stock Markets”, in:
Brill’s Encyclopedia of China, Managing Editor English Edition: Daniel Leese.
Consulted online on 23 June 2017
First published online: 2008
First print edition: ISBN: 9789004168633, 20121018