On Wednesday, President Clinton continues his visit to Shanghai with a
speech to the American Chamber of Commerce. The President will also join
young Chinese entrepreneurs for lunch at the Shanghai Stock Exchange. He
will discuss with them the opportunities and challenges they face as the
catalysts of China's new economy, and ask what additional reforms are
required for China to reach its full potential.
The Shanghai Stock Exchange was founded on November 26, 1990, and began
operations the following month. It was the first stock market in
Mainland China in the post-1949 era. The market is still small by
international standards, but its size belies its role as a catalyst for
economic reform. Nearly 20 million individuals Chinese nationwide now
own shares in the market.
