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改革开放以来,特别是1992年小平同志南巡讲话以后.我国证券市场发展迅速,取得了令人瞩目的成就。证券市场从无到有,规模逐年扩大,试点工作从上海、深圳扩展到全国,已形成了以沪、深两交易所为中心的全国证券交易市场体系。从1981年到1995年底,累计发行各类债券7800亿元,其中国债4000多亿元;累计发行股票116亿元,筹资近400亿元,上市公司总市值4100多亿元;证券交易和清算手段不断完善,实现了无纸化交易;证券投资者队伍不断扩大,已发展到1500万人。
Since the reform and opening up, especially after Comrade Xiaoping’s southern tour in 1992, China’s stock market has witnessed rapid development and remarkable successes. The stock market has grown from scratch and its scale has been expanded year by year. The pilot work has been extended from Shanghai and Shenzhen to the whole country and a national securities exchange market system centered on Shanghai and Shenzhen exchanges has been formed. From 1981 to the end of 1995, a total of 780 billion yuan of various types of bonds were issued, of which over 400 billion yuan were treasury bonds, 11.6 billion yuan of shares were issued in total, nearly 40 billion yuan of funds were raised, and the total market capitalization of listed companies was over 410 billion yuan. The securities trading and settlement means Continuous improvement and realization of paperless transactions; securities investors continue to expand, has grown to 15 million people.