On Wednesday, President Clinton continues his visit to Shanghai with a speech to the American Chamber of Commerce. The President will also join young Chinese entrepreneurs for lunch at the Shanghai Stock Exchange. He will discuss with them the opportunities and challenges they face as the catalysts of China's new economy, and ask what additional reforms are required for China to reach its full potential.
The Shanghai Stock Exchange was founded on November 26, 1990, and began operations the following month. It was the first stock market in Mainland China in the post-1949 era. The market is still small by international standards, but its size belies its role as a catalyst for economic reform. Nearly 20 million individuals Chinese nationwide now own shares in the market.