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State-owned Assets Supervision and Administration Commission (SASAC) expressed its support for the central enterprises holding listed companies to buy back shares.In 2008, I was 14 years old, but the China stock market was engraved in my memory!

Tonight, I chatted with my father about the stock market.On October 16th, 2007, the China Shanghai Stock Exchange reached an all-time high of 6,124.04 at 10:03 a.m., and then unilaterally fell. On September 18th, 2008, the stock index fell to 1,802.33. On the evening after the close of the day, the China Municipal Government announced several major policies to rescue the market:State-owned Assets Supervision and Administration Commission (SASAC) expressed its support for the central enterprises holding listed companies to buy back shares.

After the release of these three top-level authoritative policies, on September 19th of the next day, all the stocks in Shanghai and Shenzhen stock markets, opening limit and Shanghai Composite Index, reported a 9.45% increase at 2075.09 points until the close. After that, it continued to fall, and on October 28, a month later, it bottomed out at 1664.93, ending this tragic year that was enough to go down in history!In 2008, I was 14 years old, but the China stock market was engraved in my memory!The Ministry of Finance announced that stamp duty would be changed from bilateral collection to unilateral collection, before which stamp duty would be deducted from sales.