Seek the major financial events that occurred in China in 06

2006 China's financial history events: China fully fulfilled its commitment to financial opening, foreign capital fully entered the Chinese market, policy bank reform was launched, Postal Savings Bank broke the problem, ICBC completed A+H listing, Agricultural Bank of China reform caused a big discussion, Bank of China A-share listing, China Merchants Bank went public in Hong Kong, Guangfang issued atypical restructuring, mergers and acquisitions, large-scale high-level change of leadership.

Just find some books, there are a lot of them.

As follows:

Reforms in the financial sector:

1. The market interest rate has taken a big step forward. The floating range of deposit interest rates has been expanded, and large-value certificates of deposit have been introduced; market-based loan interest rates, etc.

2. The registration system is determined to be launched within two years, the first-class growth, the Shanghai International Board, the A-share circuit breaker mechanism, and the implementation of the pension market policy.

3. Banks have launched a deposit insurance system; Expansion of private banks (including online merchants, WeBank, etc.).

4. Continuous interest rate cuts! 1-year fixed deposit from to! Loans now have a maturity of more than 5 years, compared to 6 in the same period in 2014!

Introduce. 2015 is destined to be the most unforgettable year in China.

From the start of the bull market to the formation of a mad bull, and then to the loss of liquidity due to ****. **A domino-style reaction was staged: first, the institution took the initiative to reduce leverage, and then the **beginning** of the early rise**, resulting in a high proportion of capital allocation accounts began to blow up, and the capital allocation platform began to force liquidation for self-insurance, making more **, and finally even non-matching accounts began to sell**.

In just one year in 2015, the central bank cut the reserve requirement ratio four times and cut interest rates five times, including two "double cuts", which reduced the financing cost of the entire market.

Since the beginning of this year, under the influence of the central bank's five interest rate cuts and four RRR cuts, bank interest rates have continued to fall, demand deposit interest rates have been as low as three, and the yield of baby products has fallen below 3%, and the entire current wealth management market has made people lose confidence. However, with the continuous decline of market interest rates, more investment channels have begun to emerge, such as Internet financial products, which provides strong support for the reform and innovation of China's financial system.

In March 2008, Bear Stearns was acquired by JPMorgan Chase at a low price of 100 million US dollars, and the subprime mortgage crisis continued to intensify, shaking Wall Street for the first time.

In July, the Federal Reserve and the Treasury Department announced the bailout of Fannie Mae and Freddie Mac, the two major mortgage financing institutions, and the U.S. Congress approved a $300 billion housing assistance bill, authorizing the Treasury Department to increase the credit limit of the "two-house" loan indefinitely, and if necessary, it can purchase it without a certain amount.

In September, the United States announced that it would take over the "two rooms"; Lehman Brothers announces bankruptcy filing; Bank of America announced that it will acquire Merrill Lynch for $44 billion; U.S.** bailout of American International Group (AIG) with up to $85 billion; The Federal Reserve approved the request of Gao Belt and Morgan Stanley to become bank holding companies, and Wall Street investment banks withdrew from the stage of history.

Washington Mutual was seized and taken over by the Federal Deposit Insurance Corporation (FDIC), making it the largest bank ever failed in the United States.

On the 30th, the three major stock indexes of the United States**, the Nasdaq hit the largest daily decline in history, and the Dow Jones hit the largest single-day ** point.

In October, the largest financial rescue plan of $700 billion since the Great Depression was approved, and the United States injected $125 billion into the country's nine major banks at the end of the month.

Before the '08 financial crisis, there were many important events around the world, including:

9/11 in 2001.

The 2003 Iraq War.

The 2004 Indian Ocean tsunami.

2005 London State Burial Case.

The outbreak of the subprime mortgage crisis in the United States in 2007.

These events have had a profound impact on the economic, political, social and cultural aspects of the world and countries, and at the same time set the stage for the outbreak of the financial crisis. Therefore, understanding these events is of great significance for understanding the background of the outbreak of the financial crisis and the reasons for the causes.

The financial crisis that erupted in 2008 actually began in 2007 and did not expand until 2008. On February 13, 2007, the U.S. New Century Financial Corporation issued a profit warning, and on August 2, 2007, the German Industrial Bank announced a profit warning. Then, on August 9, the largest French bank announced that it would freeze its three **, and on August 13, the parent company of Japan's second largest bank announced that it had lost 600 million yen in its business related to subprime mortgages in the United States, so the earliest financial crisis began on February 13, 2007.

The financial crisis started early because of the credit crisis in subprime housing, which caused investors to lose confidence in the value of mortgages**, causing a liquidity crisis of funds. Even the repeated injections of funds by large banks could not prevent the outbreak of the crisis, until September 9, 2008, the crisis got out of control, and at the same time, several large financial institutions collapsed and were taken over.