History of Shanghai Stock Exchange
China Securities history can be traced back to the late Ming and early Qing Dynasty, in some high-income high-risk business areas, the mode of "investment funds, joint ventures" was operated, and the contract signed between the participants, to become China's first stock prototype. Before the Opium War between Britain and China, west countries international traders not only brought the opium to China, but also brought the advanced finance model and knowledge to china. The first foreign security was issued by a foreign enterprise in 1840s. In 1872, the first Chinese stock was issued by China's first joint-stock companies and the Chinese people. Securities promote the development of securities transactions and capital market. The beginning the Securities and Exchange were only foreigners, and later the Chinese businessmen started to use the securities transactions. China's first stock trading securities companies was established in 1869. One of Shanghai stock company was established in September 1882 and developed the relevant articles of association, the Securities and Exchange haphazard development has become more standardized. In 1891, the Shanghai Share brokers Association was established, which was regarded as the primitive form of stock bourses in china.

In 1920 the Shanghai Securities & Commodities Exchange was established, and a year later the Shanghai Chinese Merchant Exchange began. They were combined in 1929, and were then named the Shanghai Stock Exchange. By the 1930s, Shanghai had emerged as the financial center of the Far East, where both Chinese and foreign investors could trade stocks, bonds and government bonds. Until the beginnings of the Second World War, insurance and shipping predominated, but by then, Japan was establishing factories in Shanghai, and rubber became the biggest cash crop. But once Japan