1, 1996 12 16, People's Daily published a special commentator's article entitled "Correctly Understanding the Current Stock Market", pointing out the serious excessive speculation and possible risks in the current stock market. At the same time, the Shanghai and Shenzhen Stock Exchanges issued a notice, deciding that the shares will be listed and traded on the two exchanges from 16.

At that time, the market plunged for four consecutive days, with the declines of 5.44%, 5.70%, 9.9 1% and 9.44% respectively.

65438+February 16 plunged 9.9 1%, except for a few small-cap stocks, almost all stocks fell. This is the worst day in China's history. Unexpectedly, it fell by 9.44% the next day.

2. On February 27th, 2007, the indexes of A-shares all fell by more than 8%, among which the Shanghai Composite Index and Shenzhen Component Index recorded the biggest one-day declines in recent years, with 8.84% and 9.29% respectively. Among the 327 A-shares in circulation in the two cities, 1072 stocks fell by more than 7%, and more than 800 stocks fell.

On the night of May 29th, 2007, the Ministry of Finance suddenly announced that the stamp duty would be raised from 1‰ to 3‰, which caused the stock market to plummet by 28 1 point the next day, with a decrease of 6.5%. What is even more frightening is that it fell by 8.26% on June 4, and several heavy punches completely knocked down the bulls. In just one week, the Shanghai Composite Index plunged from 4,300 points to 3,400 points, and many stocks suffered three consecutive daily limit. The majority of investors suffered heavy losses because they were caught off guard, which was called "5.30 stock market crash".