It was launched in July 2014.

In 2014, the Shanghai Composite Index opened at 2112 points, reached a low of 1974 points, reached a high of 3239 points, and closed at 3234 points, an increase of 1118 points, and the stock rose by 52.87 points. It can be said that 2014 was the beginning of this bull market.

Before November, the stock market could only be said to be a weak bull. The bull market really entered the fast bull stage at the end of November 2014. On November 22, 2014, the People's Bank of China lowered the RMB loan and loan limit for financial institutions. The benchmark interest rate for RMB deposits. The one-year loan benchmark interest rate was reduced by 0.4 percentage points, and the one-year deposit benchmark interest rate was reduced by 0.25 percentage points.

At the same time, the floating range of deposit interest rates will be expanded again, with the upper limit adjusted from 1.1 times to 1.2 times the deposit benchmark interest rate. The central bank's interest rate cuts have become the most important cause of this bull market. Led by securities companies, banks and other stocks, the A-share market continuously exceeded 2500, 2600, 3000 and other levels, reaching a maximum of 3406.79 points, and then entered a short adjustment period.

Extended information:

After the interest rate cut, the stock market continued to rise, reaching 4,000 points on April 8, and closing at 3,994.81 that day. It only took 4 days to go from 3,000 points to 4,000 points. months.

On April 19, the central bank once again lowered the statutory deposit reserve ratio. The market fluctuated greatly when it hit 5,000 points, but it still broke through 5,000 on June 5. It only took 2 months to go from 4,000 to 5,000.

The GEM is even more popular than the main board. Since its price in January 2014, it has been soaring. It only took five months to go from more than 1,000 points to 4,000 points. It is called the "god" by investors. Chuangban".