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1、世界股票发展的三个历史阶段Threehistoricalstagesofworldstockdevelopment(1):bluechipfinancetime:2008-03-19135257forreviewStockistheproductofcommodityeconomyandproductivitydevelopment,itshistoryanddevelopmentprocesscanbedividedintothreeparts・Stageone:inthe16thcentury,asameansofraisingmone
2、yandspreadingrisk,itenteredthetradeareaofyuanhang・Inthe15thcentury,theItaliannavigatorChristopherColumbusdiscoveredthenewworldofSouthAmerica,andthenthePortuguesenavigator,Magellan,completedthefirstvoyagearoundtheworld.Thesegeologicaldiscoveriesopenedtheroutebetweeneastandw
3、est,makingoverseastradeandcolonialplunderashortcuttoriches・Toorganisealongvoyagerequirestwoconditions:theformationofafleetrequireshugeamountsofcapital:Thesecondisthatitisoftenattackedbyseahurricanesandindigenouspeople,takingbigrisks・Atthetime,nosingleinvestorhadsomuchmoney
4、,andnoonewaswillingtotakesuchabigrisk・InordertoraisethesaiTscapitalandoperatingrisk,cametoequityfinaneingmethods,name1ybeforeeachvoyage,recruitingcapital,afterthesailingcapitalbacktoinvestorsandprofitsaccordingtotheproportionofcapitalallocation.Toprotectthejoint-stockecono
5、micorganizations,countriessuchasBritain,theNetherlands,thegovernmentnotonlygivethemavarietyoffranchiseandtaxpreferentialpolicies,andformulatetherelevant1aw,soastocreatethelegalconditionsforstockproductionandsocialenvirornnent.In1553,Britainestablishedthemosscoleintheformof
6、equityfinancingcompany,in1581andfoundedtheventercarrier,itssapproachisthepublictobuyshares,purchaseofthesharestoqualificationforthemembersofthecompany.Thesecompaniesineachvoyagebackwhenitbeginstoworkreturntheshareholderinvestmentanddivideprofits,thenchangetokeepcapitalinus
7、eforalongtime,inthecompanytoproduceasystemofordinaryshares,accordinglytoformthecommonstock.Becausetheprofitsmadeonthetradearesolucrative,thecompanieshaveballoonedandtheshareshavebeendevelopedaccordingly.In1660,heldbytheshareholderstotransferitsshares,willbewithinourcompany
8、findthecorrespondingpersonneltoaccept,ortrytowillthecompanyaccordingtotheprovisionsofthec
