1984年11月中国第一张相对规范的股票———飞乐音响在上海公开发行。当时,正是中国货币市场、资本市场、保险市场、外汇市场先后恢复和产生的初期阶段,二十余年风和雨的经历,中国金融改革和金融市场发展成就巨大,但是,各子市场之间发展并不平衡,相对于货币市场,我国股票市场发 November 1984 China’s first relatively standardized stock --- Feile audio public offering in Shanghai. At that time, it was the initial stage of the recovery and emergence of China’s money market, capital market, insurance market and foreign exchange market. After more than two decades of experience in wind and rain, China’s financial reform and financial market have made tremendous achievements. However, Between the development is not balanced, relative to the money market, China’s stock market