新中国第一家证券交易所

Group 1 - Tianjin is recognized as the economic center of the Bohai Rim region and has a rich history in modern commerce and finance, being the birthplace of China's first securities exchange over 70 years ago [1] - The establishment of the Tianjin Securities Exchange aimed to channel idle funds from the black market into the formal economy, addressing a critical issue for the People's Bank of China [1][2] - The exchange officially opened on June 1, 1949, with 39 qualified brokers and a total capital of 84.52 million old RMB, focusing on stocks from major companies beneficial to the national economy [2] Group 2 - After its opening, the Tianjin Securities Exchange absorbed significant amounts of social idle funds, mitigating their impact on the market, with daily average transaction amounts reaching approximately 1.1 billion old RMB within the first ten days [3] - The exchange facilitated the flow of funds into production and circulation, positively contributing to the recovery and development of the economy, as evidenced by the increased trading volumes of essential enterprises [3] - From its inception until October 1951, the exchange generated a cumulative surplus of 3.2 billion old RMB and collected 1.35 billion old RMB in transaction and stamp taxes for the government, enhancing fiscal revenue for the new China [3]