The B-share market was born in February 1992 in Shenghai, with the issuance of Vacuum Electronics B-shares marking the opening of China's B-share market.
However, its development was not smooth. With the accelerated pace of companies listing directly overseas as H-shares and N-shares, the function of domestic companies raising foreign capital through the B-share market weakened significantly and it soon went dormant.
Even in later years, it remained in a state of half-life.
Nevertheless, despite the underperformance of B-shares, there were two instances of very frenzied trading in the market.
The first boom took place from November 1996 to May 1997, with the Shanghai B-share index rising from 44.8 points to 99.31 points, an increase of 121.67%.
The second boom was from March 2000 to June 2001, with the Shanghai B-share index rising from 35.46 points to 241.61 points, an increase of 581.36%!
