distribution of housing directly to staff will be totally replaced by monetary
distribution; entity insurance covers will be replaced by the social insurance
system.17 All of these will accelerate the development of China’s Stock Market.
As well as the domestic promotion of China’s Stock Market, the international
environment is obviously favourable to the development of China’s Stock Market.
As we know, the Asian financial crisis in 1998 did not directly affect China’s
Stock Market, thus the progress of China’s Stock Market may have not been
slowed. Ins
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