1993年以来,中国股票市场进入了一个超高速发展时期。在上海、深圳两个交易所挂牌上市的公司由1992年底的53家,增加至1993年底的183家,增加了两倍多。到今年5月底在两个交易所挂牌的上市公司达263家,较1992年底增加了约4倍。上市公司股票总市值约3000多亿元人民币,与1993年中国国民生产总值之比,约在10％左右。与此同时,股票市场上股价却大幅滑落。 Since 1993, China’s stock market has entered a period of rapid development. The number of companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange increased from 53 at the end of 1992 to 183 at the end of 1993, more than doubling. By the end of May this year, there were 263 listed companies listed on the two exchanges, an increase of about 4 times as compared with the end of 1992. The total market capitalization of listed companies is about 300 billion yuan, about 10% of the gross national product of China in 1993. At the same time, the stock market has fallen sharply.