1984年7月,北京天桥百货商场正式宣布股份制改革,成立天桥百货股份有限公司。股份制是改革不断深化的一个结晶。当时国内市场疲软,物价稳定靠财政补贴支撑,工业增长速度靠银行贷款维持,并出现了货币过剩、资金紧缺问题。通过发行股票、债券,企业直接向市场筹资,可以减轻银行资金供应的压力,直接转化为生产建设所需要的资金。在天桥百货之后,股份制成为公司改制的一个主要形式。 July 1984, Beijing Tiaodai Department Store officially announced the joint-stock reform, the establishment of Tianqiao Department Store Co., Ltd.. Joint-stock system is a crystallization of deepening reform. At that time, the domestic market was weak and the prices were stable supported by financial subsidies. The industrial growth rate was maintained by bank loans, and there was a problem of excess of money and shortage of funds. Issuing stocks, bonds and enterprises directly to the market can reduce the pressure on the supply of bank funds and directly convert the funds needed for production and construction. After the flyover department store, the shareholding system became a major form of corporate restructuring.