This year's decline in Hong Kong stocks was due to the increase in stamp duty announced by Hong Kong stocks in March this year and the anti-monopoly policy at that time. Now, in July this year, the country suddenly introduced the double-drop policy, and the education unit was also hit hard, which triggered a sharp drop in the Internet and education sectors. Simply put, is it because of negative policies? Since the beginning of this year, a series of negative policies have increased the pace of funds fleeing from Hong Kong stocks, which will lead to the continuous decline of Hong Kong stocks this year.

A brief history of stocks

World stock history

Stock has a history of nearly 400 years since 20 17, and it appeared with the emergence of joint-stock companies. With the expansion of business scale and insufficient capital demand, the company needs a way to obtain a large amount of funds. As a result, an enterprise organization appeared in the form of a joint-stock company, which was jointly funded by shareholders. The change and development of joint-stock companies have produced financing activities in the form of stocks; The development of stock financing has produced the demand for stock trading; The demand for stock trading has promoted the formation and development of the stock market; The development of the stock market finally promoted the perfection and development of stock financing activities and joint-stock companies. Stocks first appeared in capitalist countries.

The earliest joint-stock limited company system in the world was born in 1602, the East India Company established in the Netherlands. After the emergence of joint-stock companies, they have been widely adopted by capitalist countries and become one of the important forms of enterprise organization in capitalist countries. With the birth and development of joint-stock companies, the way of raising funds in the form of shares has also developed, and the demand for share trading and transfer has emerged. In this way, it promotes the emergence and formation of the stock market and promotes the perfection and development of the stock market. 16 1 1 The shareholders of the East India Company traded in the Amsterdam Stock Exchange, and later a special broker arranged the transaction. Amsterdam Stock Exchange formed the first stock market in the world, and now the company limited has become one of the most basic forms of enterprise organization. Stock has become an important channel and way for large enterprises to raise funds, and it is also the basic choice for investors to invest; The stock market (including the issuance and trading of stocks) and the bond market have become the important basic contents of the securities market.

China stock history

19 16, Sun Yat-sen and Yu Qiaqing, a Shanghai businessman, jointly proposed to organize the Shanghai Stock Exchange Co., Ltd., and submitted the articles of association and explanations to the Ministry of Agriculture, Industry and Commerce for approval. 1 920 February1day, the Shanghai Stock Exchange held its inaugural meeting in the General Chamber of Commerce. On February 6th, the Board of Directors of the Exchange held a meeting and elected Yu Qiaqing as the chairman. 1920 in June, the Ministry of Agriculture and Commerce finally approved the establishment of a stock exchange in Shanghai. The operation mode is based on Japanese research institute and employs Japanese consultants. 1 920 July1day, the stock exchange opened in the form of a joint-stock company, and the trading targets were divided into seven categories, such as securities and cotton. This is the earliest stock in China Hyundai.

China's stock issuance has experienced the Qing government, the Beiyang government, the National Government (with Wang puppet government in the middle) and the New China People's Government. The currencies used to buy stocks are silver, silver dollar, legal tender, certificates of deposit, gold certificates of deposit, gold certificates and RMB. Today's collectors divide the stocks issued in the past 100 years into: Qing Dynasty, Republic of China, Liberated Areas, New China, New Period, shares of listed companies and stock subscription certificates.