According to the statistics I have on hand, the Shanghai and Shenzhen stock markets *** (each) have had five bear markets with a decline of more than 50% (those with a decline of less than 50% are not included). They are:
Shanghai
1: 1992.05.26---1992.11.17 fell from 1429.01 points to 386.85 points, a drop of 1042.16 points, a drop of 72.92%; it lasted 5 A month has 22 days.
2: From 1993.02.16 to 1994.07.29, it fell from 1558.95 points to 325.89 points, a drop of 1233.06 points, a decrease of 79.09%; it lasted 17 months and 22 days.
3: From 1994.09.13 to 1995.02.07, it fell from 1052.94 points to 524.43 points, a drop of 528.51 points, a decrease of 50.19%; it lasted 4 months and 25 days.
4: From 2001.06.14 to 2005.06.06, it fell from 2245.42 points to 998.23 points, a drop of 1247.19 points, a decrease of 55.54%; it lasted nearly 4 years. (This is the duration of the Chinese stock market so far The longest bear market, which is unforgettable! )
5: From 6124.04 points to 1664.93 points on 2007.10.16, it fell by 72.81%; 1 year and 12 days.
Shenzhen
1: 1993.02.22---1993.07.03 fell from 3422.22 points to 1688.18 points, a drop of 1734.04 points, a decrease of 50.67%; it lasted 4 months and 28 days .
2: From 1993.08.17 to 1994.07.29, it fell from 2870.97 points to 944.02 points.
It fell by 1926.95 points, a decrease of 67.11%; it lasted 11 months and 12 days.
3: From 1994.09.13 to 1995.04.27, it fell from 2162.75 points to 1018.54 points, a drop of 1144.21 points, a decrease of 52.90%; it lasted 7 months and 14 days.
4: From 1997.05.06 to 1999.05.12, it fell from 5799.31 points to 2659.01 points, a drop of 3140.53 points, a decrease of 54.14%; it lasted 2 years and 6 days.
5: From 2007.10.10 to 2008.10.28, it fell from 19600.03 points to 5577.23 points, a drop of 14022.80 points, a decrease of 71.54%; it lasted 1 year and 19 days.
It should be noted that in the longest bear market in the history of the Shanghai stock market from 2001.06.14 to 2005.06.06, the decline of the Shenzhen stock market during the same period was less than 50%, so it was not included.
From 2005.06.06 to 2007.10.16, the Shanghai stock market rose from 998.23 points to 6124.04 points, a full increase of 513.49%. This is the most magnificent bull market in the Chinese stock market so far!