On this day, 41 years ago, on November 18, 1984 (October 26, 1984 in the lunar calendar), Feile Audio Company issued the first batch of shares in China. Shanghai Feile Audio Company Shanghai Feile Audio Company located in Wuyi Road was initiated by Shanghai Electroacoustic General Factory. It operates complete sets of equipment and contracts the design and installation of audio facilities such as hotels, theaters, and gymnasiums. It is a new company that accepts voluntary subscription of stocks by individuals and collectives. It officially opened on November 18, 1984. The company entrusted the Securities Department of Industrial and Commercial Bank of China Shanghai Branch to publicly issue 10,000 shares to the public at 50 yuan per share. This is the first stock issued by a China financial institution since the end of the Cultural Revolution. This move even alarmed the world's securities market, which also confirmed to a considerable extent the outside world's prediction that China will move towards a market economy at a greater pace, comprehensively promote corporate shareholding reform, and open up the securities market. On the National Day of this year, Deng Xiaoping firmly said: "Our main task at present is to systematically transform the current economic system that is hindering our progress. Later, Deng Xiaoping once gave a Feile stock as a gift to visiting U.S. President Bush.