The history of the development of China’s securities market is an epitome of the history of China’s reform and opening-up. The emergence and development of securities market is one of the most important achievements in the course of institutional transformation from planned economy to market economy，and the experience in reform and development of securities market is also an important component of the precious experience in China’s economic reform. Facing these opportunities and challenges，the efforts to review and summarize the history of development of China’s securities market，grasp its law of development and to develop relevant strategy and measures will highly promote the further development of the securities market in China.