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2. Share reform marketThe 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.

3. Reform of comprehensive registration system2. Share reform market2. Share reform market

3. Reform of comprehensive registration systemFirst, the relationship between the big bull market and the great changes in the capital marketSecond, the stock market ecology under the registration system