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1995年5月18日,中国证监会宣布暂停国债期货交易试点,受此消息刺激,深沪股市涨声雷动,一改前半月的疲弱走势,走出了一波汹涌的上升行情。可惜好景不长,5月23日公布了国务院证券委第五次会议关于新股发行的消息,深沪股市如惊弓之鸟,应声而下,回复到从前的低迷市道。这种骤升剧降的短命行情为深沪股市涂上了政策市和投机市的重彩。巨幅上落的动荡行情成为5月股市的特色,也为市场留下了沉重的话题。
May 18, 1995, China Securities Regulatory Commission announced the suspension of the pilot bond futures trading, subject to this news stimulus, the Shenzhen stock market rising tone thunder, changing the first half of the weak trend out of the wave of rising market. Unfortunately, the good news is not long. On May 23, the fifth meeting of the Securities Commission of the State Council on the issuance of new shares was announced. The stock markets in Shenzhen and Shanghai, such as those scared by surprise, returned to the former downturn. This sudden rise and fall of the short-lived market for the Shenzhen and Shanghai stock markets coated with the policy market and speculation in the city. The turbulent market with huge ups and downs has become the feature of the stock market in May and has left a heavy topic for the market.