A new museum in a classic Shanghai location charts the brief but tumultuous history of China’s capital markets

We are on a road that has never been trod, and destined to be lonely, destined not to be understood for the time being,” declares Jiang Yang, chairman of Shanghai’s newly inaugurated China Securities Museum.

In this role, Jiang is refashioning the 30-year history of China’s stock market, looking past the speculations of financial reporters and the fortunes of millions of investors toward a narrative of poetic destiny.

The museum venue, the former Astor House (or Pujiang Hotel), still carries traces of its original ritzy purpose. In one room, the furniture has been replaced by black leather chairs, but there remains a faded yellow plastic door hanger for requesting room service in Chinese, English, and Japanese, as well as a private bathroom.

This is subscriber exclusive content

Become a subscriber to continue reading

Taking Stock (Paywalled) is a story from our issue, “Funny Business.” To read the entire issue, become a subscriber and receive the full magazine. Alternatively, you can purchase the digital version from the App Store.


Emily Conrad is a contributing writer at The World of Chinese.

Related Articles