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On October 16th, 2007, the China Shanghai Stock Exchange reached an all-time high of 6,124.04 at 10:03 a.m., and then unilaterally fell. On September 18th, 2008, the stock index fell to 1,802.33. On the evening after the close of the day, the China Municipal Government announced several major policies to rescue the market:The Ministry of Finance announced that stamp duty would be changed from bilateral collection to unilateral collection, before which stamp duty would be deducted from sales.The Ministry of Finance announced that stamp duty would be changed from bilateral collection to unilateral collection, before which stamp duty would be deducted from sales.

After the release of these three top-level authoritative policies, on September 19th of the next day, all the stocks in Shanghai and Shenzhen stock markets, opening limit and Shanghai Composite Index, reported a 9.45% increase at 2075.09 points until the close. After that, it continued to fall, and on October 28, a month later, it bottomed out at 1664.93, ending this tragic year that was enough to go down in history!State-owned Assets Supervision and Administration Commission (SASAC) expressed its support for the central enterprises holding listed companies to buy back shares.

Central Huijin Company announced that it would buy shares of ICBC, Bank of China and China Construction Bank independently.Stock market past eventsCentral Huijin Company announced that it would buy shares of ICBC, Bank of China and China Construction Bank independently.