Ching: The Shanghai Composite Index that changed the fate of countless people

Ching "How much is the closing index today?" "The person who asked this was either a shareholder or a leader in the stock market, and the closing index they were asking was definitely the Shanghai index."　　There are now dozens of kinds of indices, but none of them can replace the Shanghai Composite Index; No index is as ingrained in people's heart as the Shanghai stock market, which has become the symbolic index of the analysis of stocks, even the investor's discourse system and mode of thinking. The Shanghai Composite Index, which should be referred to as the "comprehensive stock price indices of the stock Exchange", is a scholarly explanation for a weighted composite stock index that calculates the number of shares issued in the reporting period.　　Theory is boring, if you like the theory of Friends, as long as the search on Google will be able to understand his formula, how the new shares into the Shanghai Index, Index classification, index fluctuations, such as a series of knowledge. But in this nearly 20 years, the author's eyes of the Shanghai Composite Index is the fate of countless people rearrange the combination.　　The ups and downs of the Shanghai Composite Index is behind the redistribution of social wealth, is the fate of countless people wide shocks. The Shanghai Composite Index, the predecessor of this life, December 19, 1990, when the first general manager of Shing sounded the opening gongs, the Chinese stock market began a never end of the race.　　There was no Shanghai index, 7 of the 8 stocks traded were local to Shanghai, and before the Shanghai exchange opened, the Zhejiang Phoenix, which produced daily Chemicals (now renamed St sources-Editor's note), managed to put a "national market" cap on the SSE. At that time, the stock market scarce, only buy did not sell every day, in order to reflect the real share price trend, I was also put forward in the press on the stock to implement the flow control method, the provisions of different sizes of stock daily minimum turnover, only to achieve this volume, the second day Trading board price is effective　　Later, the Shanghai exchange adopted this proposal, so, the stock market appeared a great landscape, every day a large number of big throw out the stock; At that time not yet so developed information systems, the daily stock market in Shanghai TV station, "Small Dish" program broadcast. Every night, announcer Cai Shuying in the day after the report of chicken feather vegetables, potatoes, wax gourd ... such as vegetable prices, began to report the day of the exchange closed the vacuum electronics, extension of industrial, Shen Hua Industrial (now renamed as Radio and television electronics, founder Technology, Shen Hua Holdings-editor note), Flying music audio ...　　The closing price of a stock. By July 1991, the Shanghai Stock Exchange felt that the 8 stocks would not be summed up by an abstract figure, seems not to reflect the overall trend of the market, but also as if the stock price trend and the price of daily vegetables mixed together too much, but also the future if you want to go abroad, do not get a can with the road · Jones is also too humbled by the index, so on July 15, 1991, the Shanghai Stock Exchange announced the composite index. On that day the closing index was 133.13 points to 1990The starting point for the opening of the year December 19 is 100 points. At that time the Shanghai Composite Index is actually "old stereotyped", reflecting the trend of 8 stocks, and now reflects more than 1000 stocks trend of the Shanghai Composite Index is not the same. 19 years ago, the old stereotyped is still trading in the market, but these 8 stocks are now weighted in the Shanghai Composite Index, I think not more than 1 per thousand.　　But over the years, we still recognize the Shanghai Composite Index. Although every time the market go bear, share price fell a mess, what have been scolded after, also will not forget to scold the Shanghai Composite Index, scold it is so distorted, scold it reduced to the main control tool, or the Shanghai Composite index of the 28 phenomenon was scolded, 82 phenomenon also was scolded.　　But after the scold, people comment on the market, or inseparable from the Shanghai Composite Index, which is the charm of the Shanghai Composite Index. If we have a personification analogy to the Shanghai stock index, I think the Shanghai index can be called "Shing index", is Shing launched the Shanghai index, this is a pioneering work.　　If Shing did not launch the Shanghai Composite Index at that time, Shing adopted the trading model is not the case, or adopt the Anglo-American model, the history of China's stock market will be rewritten, the market's all-powerful characters may also be reshaped. There is no other way to improve the work of future generations, and pioneering work is the most valuable contribution.　　Therefore, in the commemoration of the Shanghai Composite Index for 19 years, this index with the small commandant, this time the old commandant hanging Hook is not a point. Experienced a large adult baptism Shanghai Composite Index 19, as a person's growth process, after the infancy, adolescence, now after the baptism of the market, into adulthood. In the Shanghai index's infancy, the market is still a mini market, it's a small city. In the period from 1990 to 1994, there were no more than 1 million people involved in the stock exchange, and the market traded stocks expanded from 8 to dozens of; from 1995 to 2001, after 6 years of trekking,　　Shanghai Composite index struggled to climb to 2200多 points, the market entered into a large expansion of the development period, and then into a four-year Big Bear market, until 2006, the Chinese stock market is a decent way out of a national great bull market, but the next big bear market is the most unforgettable for all investors.　　Remember that there is a famous saying in the stock market: "Investors without stocks, is not a mature investor", this sounds very cruel, but standing now from the 1664 point of hell to climb up the people, looking up at the top of the 6,124 points, carefully taste the meaning of this words, is able to read out its profound meanings. A panoramic view of the mountains and mountains if we will view the monthly K-line panorama of the Shanghai Composite Index since 19, you will find that this is a magnificent mountain panorama of mountains and seas. On the left: starting at 100, turning over two small slopes, the former Highland 1300, the latter a Highland 1500 points, The trough of two dives near 380 points, this wave of quotes took 5 years, and many peopleIn this section of the market to complete the accumulation of personal, China has also produced through the stock of the early big rich.　　But in this wave of market, there are many early large households were overdrawn stock market harm, eventually from where to go back, and did not share the results of the stock markets were eliminated. Middle side: From 500 point to climb up to 2,200 points and then a knife, this process took a full 11 years. In this market, the stock market farewell to the big era, bid farewell to the era of market makers, institutional investors have become the mainstream markets, the stock market completed a large expansion.　　In this 12-year climb over the market, after a long bear market for 4 years, buried a lot of capital players, a large number of brokerages appear "dominoes" fell. Right: The real meaning of the great bull market is springing up. Starting from 1000 points, Shanghai Composite Index in just 2 years time to 6,124 points, a new round of wealth-making movement in the Shanghai Composite Index reflected, the stock market fortune effect of large expansion of the shareholder team. Although not on the national stock, but the team is magnificent.　　But the Big bear market, which has dived from 6,100 points, has plunged the stock market, which has not yet awakened from the wealth dream, to a loss of 70% in a year, and it is hard to escape such a tragedy if it is in the stock market.　　Today, the Shanghai Composite Index began to climb from 1664 points, but there are still many peaks and valleys ahead, there are many thorns, may borrow a poem: Transverse as ridge side Chengfeng, far and high levels are different; Do not know the true face of the stock market, only the body in this mountain.　　2020 Shanghai Composite Index will be more than the Shanghai index is the stock indexes, now in 2020 to build an international financial center, then in the next 10 years, the Shanghai Composite Index will be how to go, which is the most concerned about each shareholder. If the Shanghai Composite index were to increase by 10% per annum, it would have gone to 6,000 by 2020 and had just regained its ground, as if the financial centre had been far away; if it were to increase by 20% a year, that would be 16,000 points. Hong Kong started 40 years from the Hang Seng Index 100, only to reach 30,000 points and increase the number of 16% a year.　　So, the Shanghai Composite Index in the next 10 years will be a picture of what, we can not only wait and see, but also to the ups and downs of the Shanghai Composite Index to win opportunities. In the rest of our lives will also be with the Shanghai Composite Index peers, Shanghai Composite Index is not a past the village does not have the abstract symbol of the shop, he contains a large number of n wave opportunities, and we can seize a few waves in a lifetime enough.