1990年岁末,中华人民共和国先后在沪深两地开办了上海证券交易所和深圳证券交易所。从此,中国大陆资本市场经历了从无到有、从“摸着石头过河”到交易监管体制不断完善的20年风雨历程。今天,中国沪深两市总市值已位列世界资本市场第二,并伴随着中国经济的高速发展越来越受到全 At the end of 1990, the People’s Republic of China opened the Shanghai Stock Exchange and the Shenzhen Stock Exchange in Shanghai and Shenzhen successively. Since then, the capital market in mainland China has experienced from 20 years of history, from “feeling the stones across the river ” to the trading supervisory system of continuous improvement. Today, the total market capitalization of China’s Shanghai and Shenzhen stock markets ranks second in the world’s capital markets and is increasingly being accompanied by the rapid development of China’s economy