October 1992
On October 12th, 1992, Securities Commission of the State Council and its implementing agencies, China Securities Regulatory Commission, was formally established.

China Brilliance Holdings becomes the first Chinese mainland company to be listed on the New York Stock Exchange (NYSE).

July 1993
Tsingtao Beer becomes the first Chinese mainland company to be listed on the Stock Exchange of Hong Kong (SEHK), the first 'H share'.

July 1994
China's Company Law comes into effect, creating two kinds of limited companies: Companies limited by shares, which have a high capital requirement, are permitted to trade their shares in public; and limited liability companies are permitted to have between three and 49 owners issued with 'capital contribution certificates' instead of shares.

November 1994
Official media reports claim that ten million share trading accounts have been opened.

February 1995
Wanguo Securities collapses after '327 T-bond futures' scandal. Guan Jinsheng, CEO of Wanguo Securities, is later sentenced to 17 years in prison.

July 1995
The NPC passes the Commercial Bank Law, which clarifies the division between commercial deposit-taking banks and securities firms. Under the new law, commercial banks are not permitted to invest in shares, trust and investment companies or in real estate. Furthermore, banks are obligated to disclose their holdings in securities firms.

August 1995
Morgan Stanley establishes China's first joint venture securities firm (JVSF): the China International Capital Corporation (CICC). China Construction Bank and Morgan Stanley become the dominant shareholders.

February 1996
The CSRC is granted the right to levy fees on stock market participants, gaining a source of stable revenue.

June 1996
The CSRC establishes the first qualification system for underwriters.

October 1997
The central government announces that the CSRC will become China's sole securities regulator. China Mobile lists on the NYSE.

May 1998
Regulatory powers in China's stock market formally pass from the People's Bank of China (PBOC) to the CSRC.

December 1998
The NPC passes the Securities Law.

June 1999
Twenty-eight securities companies issue a joint statement asserting that they are not engaged in illegal activities.

July 1999
On July 1st, 1999, "Securities Law of People's Republic of China" was officially enacted, marking the establishment of centralized monitoring system and a new phase of China's securities market building.

China Dotcom becomes the first mainland company to be listed on the Nasdaq.

August 1999
The CSRC allows underwriters and their clients to set their own IPO prices, which were previously set at a P/E ratio of 14 - 18.

January 2000
Yuxing, a Beijing - based software company, becomes the first mainland company listed on Hong Kong's new Growth Enterprise Market (GEM), a secondary board with less stringent listing requirements than Hong Kong's main board.

April 2000
The CSRC announces regulations requiring potential buyers of IPO A shares to purchase a minimum holding of RMB 10,000.