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3. Reform of comprehensive registration systemThe 519 market and the extended Internet market are the landmark market in the era of non-tradable shares. The biggest change of this round of market is the promulgation and implementation of the Securities Law on July 1, 1999, and the capital market has entered the era of rule of law.First, the relationship between the big bull market and the great changes in the capital market

(Write something casually whenever you want to keep it for yourself.)Second, the stock market ecology under the registration system1, the relationship between 519 market and policy change.

One of the characteristics of the approval system is the scarcity of listed resources and the long-term lack of metabolism in the market. "Shell resources" is an important reason for the tradition of evil speculation in our market.2. Share reform market(Write something casually whenever you want to keep it for yourself.)