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历数中国股市的几次熊市,我们见证了中国股市走向规范化的进程。没有只涨不跌的股市,也没有只跌不涨的股市。中国股市经历过初创期的疯狂上涨,以及第一次震荡后,在1993年2月到1994年7月,经历了第一次熊市,历时两年五个月。指数从1558.95点一直下泄到325.89点,跌幅达79.10%,这次熊市对中国股市投资信心的打击一直到1996年初才结束。
Counting the several bear markets in China’s stock market, we witnessed the process of standardization in China’s stock market. There is no stock market that does not only go up or down, nor is there any stock market that has only gone up or down. China’s stock market experienced a frenzied rise in its nascent period, and after its first concussion, it experienced its first bear market from February 1993 to July 1994, which lasted two years and five months. The index has been released from 1558.95 points to 325.89 points, down 79.10%, the bears on the Chinese stock market investment confidence hit until early 1996 ended.