On December 19,2010,China’s securities market turns 20.The past two decades have witnessed the market start from scratch and grow steadily,withstanding the near-cataclysmic 1997 Asian financial crisis and the 2008 global financial crisis.Now,it is opening up to the outside world and merging into the international financial environment.Its role in propelling the Chinese economy is undeniable,but as the securities market continues to expand and adapts to the changing world environment,one question arises:What is the next step on its path of development?
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