| Since 2008, the United States spread use of financial derivatives, leading to the outbreak of the financial crisis, but their root causes, or adverse government regulation. History will repeat itself, but will not simply repeat, in the last century, China has had some major financial turmoil, is also a manifestation of the government negligent supervision. This paper describes the historical evolution of Shanghai Chinese businessmen stock market, two large waves of asset bubbles, and made the appropriate government departments monitoring the securities market through the modern Shanghai Chinese businessmen from the laissez-faire type transformation to the analysis of government regulation, I believe China's securities market of today there will be no small revelation. |