Share subscription forms are officially issued in Shenzhen, South China on August 10, 1992. Hundreds of thousands of Chinese investors’ flocked to Shenzhen to buy the forms. Some came from other cities and lined up for over 48 hours, but 5 million forms were sold out in just half a day. A shortage of application forms led to demonstrations. This was called the "August 10 incident". This event led to the stagnation of Shenzhen's stock market for a long time. The young man in the photo holding his ID card and money yells despairingly "I have waited for more than two days to buy share…" (File Photo)
Edited and translated by Wang Xin, People's Daily Online.
They are insane or sober; they are depressed or joyous; they are indecisive or decisive, they are poor or rich; they are Chinese investors who witnessed the development of Chinese stock market.