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股份公司和证券市场在我国的出现大致是在19世纪中叶。鸦片战争后,随着中华古国的大门被外国列强的坚船利炮轰开,外商相继涌入中国兴办企业,与此同时也把西方当时正盛行的股份制带进中国。国人兴办股份公司发行股票,如于1872年。当时清政府官员李鸿章、盛宣怀等筹办轮船招商总局、发行股票筹资。随后,上海及全国各地又有兴煤矿、汉冶萍媒铁公司、大生纱厂等企业发行了股票。到清光绪末年,中国发行的股票已有不少,多集中在上海等大城市或口岸城市。据统计,1913年全国股份公司已达992家,实收资本金8600万元;到1917年,股份公司增至1000多家,实收资本金1.91亿元。
The emergence of joint-stock companies and securities markets in our country is generally in the middle of the 19th century. After the Opium War, as the gate of the ancient Chinese nation was bombarded by the strongholds of foreign powers, foreign businessmen poured into China one after another to establish enterprises, at the same time they also brought the shareholding system that was prevalent in the West into China. People set up stock companies to issue shares, as in 1872. At that time, officials of the Qing government, Li Hongzhang and Sheng Xuanhuai, prepared the General Administration of Shipping Merchants and issued shares to raise funds. Subsequently, Shanghai and across the country have another coal mine, Han Ye Ping Media Company, Dasheng mill and other companies issued shares. By the end of the Qing dynasty, there were quite a few stocks issued in China, most of which were concentrated in big cities such as Shanghai or port cities. According to statistics, in 1913, the number of national joint-stock companies reached 992, with a paid-up capital of 86 million yuan. By 1917, the number of joint-stock companies increased to more than 1,000, with a paid-in capital of 191 million yuan.