The history of stocks in China can be traced back to the Westernization Movement in the 19 th century  At that time, a number of joint-stock enterprises jointly run by the government and the government and businessmen appeared in China  The Steamship Merchants Bureau, established in 1873, issued the earliest stocks in China  In 1914, the Chinese Beiyang government promulgated the Stock Exchange Law, and in 1917, the Beijing Stock Exchange was established  Before the War of Resistance against Japan, there were more than a hundred listed stocks
But after several setbacks, the stock market never developed
Stocks originated during the Westernization Movement in the 19th century