On this day, 40 years ago, on March 11, 1985 (January 20, 1985 in the lunar calendar), a joint-stock cooperation model emerged in rural Henan. On March 11, 1985, the People's Daily transferred to Henan Daily reported that a new form of economic cooperation-joint-stock cooperation-emerged in Linru County, Henan Province. The so-called joint-stock cooperation model is a joint venture operation and dividends are distributed in proportion to the share capital. Capital can be invested in shares, and land, factories, livestock, vehicles and other means of production, as well as labor, and technology can all be priced and invested in shares.