股票產(chǎn)生于17世紀(jì)的歐洲，到19世紀(jì)后半期，廣泛流傳于各國(guó)。
清光緒三年(1877)九月，籌辦中的開(kāi)平礦務(wù)局?jǐn)M定了招商章程十二條。光緒四年(1878)六月二十五日，正式創(chuàng)辦開(kāi)平礦務(wù)局，局址設(shè)在海大道(今大沽路)。礦務(wù)局成立的當(dāng)年，計(jì)劃招股80萬(wàn)兩，實(shí)際上招到了20余萬(wàn)兩； 光緒六年(1880),籌集到30萬(wàn)兩； 到光緒七年(1881)開(kāi)始出煤以后，投資者大增，僅在上海便籌集私人股金100多萬(wàn)兩，官僚盛宣懷也收買(mǎi)礦務(wù)局股票二百五六十股。這是中國(guó)最早的股份制企業(yè)和最早的股票。
隨著股份制企業(yè)的增多，股票買(mǎi)賣(mài)也活躍起來(lái)，股票交易場(chǎng)所也相應(yīng)建立。清光緒三十四年(1908)十月二十六日，北洋股票交通有限公司成立。地址在北馬路工業(yè)售品所內(nèi)，這是天津最早的股票交易所。
1918年8月18日，天津證券交易會(huì)在江蘇會(huì)館設(shè)立，選舉史康侯等11人為理事。1921年2月，經(jīng)北京政府農(nóng)商部批準(zhǔn)立案，天津證券、花紗、糧食、皮毛交易所，于同年10月1日開(kāi)業(yè)，俗稱(chēng)天津證券物品交易所。理事長(zhǎng)為曹鈞(曹錕之弟),資本總額250萬(wàn)元。營(yíng)業(yè)項(xiàng)目名義上是4種，但拍板成交的卻以證券為主； 在成交的證券中，又以本所股票為最多。所以，實(shí)際上它是天津第一家正式證券交易所。
天津成立股票、證券交易所，在全國(guó)是最早的，但破產(chǎn)的也較快。自1922年5月以后的20多年中，天津沒(méi)有正式的證券交易所。一切交易都以北京交易所為市場(chǎng)，又以上海證券市場(chǎng)為轉(zhuǎn)移。然而，天津畢竟有雄厚的金融基礎(chǔ)，股票的交易，在沒(méi)有正式交易所的情況下，依然進(jìn)行。雖然由于政局的動(dòng)蕩和其他因素的影響，其波動(dòng)較大，可是總的走向是發(fā)展的趨勢(shì)。
“九一八”事變后，公債買(mǎi)賣(mài)疲沓，股票交易取而代之。特別是銀行的股票，得利豐厚。由于股票價(jià)格不斷上漲，成交頗多； 5家大的股票行成立聯(lián)合辦事處，買(mǎi)賣(mài)華北、上海各種股票和公債。其中以啟新洋灰公司股票成交額最大。1939年2月，國(guó)民政府宣布停止對(duì)公債還本付息，公債買(mǎi)賣(mài)結(jié)束，股票買(mǎi)賣(mài)便占據(jù)了整個(gè)證券市場(chǎng)。1941年天津的證券行，發(fā)展到四五十家； 1945年初，達(dá)到98家。

·原華北制革股份有限公司股票

1945年8月27日，天津銀行業(yè)同業(yè)公會(huì)負(fù)責(zé)組織的華北有價(jià)證券交易所，在法租界中街前六國(guó)飯店開(kāi)業(yè)，專(zhuān)營(yíng)證券交易，理事長(zhǎng)為天津銀行業(yè)同業(yè)公會(huì)主委、金城銀行經(jīng)理王毅靈。上市股票原定26種，實(shí)際開(kāi)做的只有啟新洋灰公司等五六種。
1948年2月16日，天津證券交易所開(kāi)業(yè)。所址在華北有價(jià)證券交易所原址，交通銀行經(jīng)理李鐘楚為理事長(zhǎng)。批準(zhǔn)經(jīng)紀(jì)人近百家，上市證券有各大企業(yè)股票13家。
天津解放后，1949年6月1日，成立天津市證券交易所，軍代表孫及民為經(jīng)理，有經(jīng)紀(jì)人39家，上市證券為各大公司股票。1952年7月19日，天津市證券交易所撤銷(xiāo)，其買(mǎi)賣(mài)由天津市投資公司辦理，后又改為交通銀行兼營(yíng)。1956年公私合營(yíng)后，股票交易停止。歷史上，天津的股票交易，開(kāi)始最早，結(jié)束的也最晚。
Stocks were first created in the 17th century in Europe asthe industries developed; it spred quickly among everycountry by the later half of the 19th century,of courseincluding China.
In September 1877 (the third year of EmperorGuangxu),the in-preparation Kaiping Mineral Bureaudrafted the Twelve-article Attracting Investment Rules.In June 25th 1878 (the fourth year of Emperor Guangxu),Li Hongzhang ordered Tang Tingshu to officially foundKaiping Mineral Bureau. The bureau was located inHaida Road (now Dagu Road). They planned to raise800 thousand silver dollars in the year of the foundation.Actually they raised only 200 plus thousand silverdollars. In 1880,they raised 300 thousand silver dollar.In 1881 when coals were produced,capital investmentincreased greatly. More than one million silver dollarsfrom personal investment were raised in Shanghai. Thebureaucrat Sheng Xuanhuai also bought around 260shares of the bureau stocks. The increasing of personalinvestment stimulated the rising of stock price of thebureau. This was the earliest stock company and theearliest stock issued in China.
With the increasing of stock companies,stockexchange also became active. Buildings for stockexchange were constructed accordingly. In October26,1908(the 34th year of Emperor Guangxu),BeiyangStock Exchange Co.Ltd was founded and located inthe Industrial Sales Store in North Road.This was theearliest stock exchange in Tianjin. Tianjin IndustrialSales Department Store General was the earliestdepartment store in Tianjin and it was founded in August3rd 1907(the 33rd year of Emperor Guangxu).
In August 18,1918,Tianjin Stock Exchange Co.Ltd elected eleven people including Shi Kanghou asthe board members in its Jiangsu branch. In February1921,approved by and registered in the Ministry ofAgriculture and Trade,Tianjin stock,yarn,grain andfur exchanges were established,and they started theirservice in October 1st in the same year. These exchangeswere also called Tianjin Stock and Goods Exchangewith total capital of 2.5 million Yuan. The director of theboard was Cao Jun (the younger brother of Cao Kun).Nominally,its business covered four kinds of goods.However,it mainly dealt in stock exchange. Most of thestocks exchanged were stocks of theirs own company.Therefore,it was in fact the first formal stock exchangein Tianjin.
The stock exchange in Tianjin was the earliest inChina. However,it quickly went bankrupt. In more thantwenty years following that,no formal stock exchangeexisted in Tianjin. All stock business was done inBeijing Stock Exchange and transferred in ShanghaiStock Exchange. However,with solid capital base,stockexchange still continued,although there was no formalstock exchange center. The business of stock exchangestill developed,although there was lots of fluctuationdue to political upheaval and other factors.
After the "9.18 Event" in 1931,exchange of publicbonds became weak and was gradually replaced bystock exchange. Exchange of bank stocks was especiallyprofitable. Since price of stocks increased continuously,deals of stock exchange also soared up. Five large stockexchanges combined to set up a joint branch for buyingand selling stocks and government bonds in Shanghaiand north China. Among deals of stock exchanges,Qixin Cement Company occupied a big share. InFebruary 1939,the KMT government declared not toreturn capital and to pay interest for government bonds.Exchange of government bonds was ended and stockexchange occupied the whole market. The number ofstock exchanges in Tianjin reached around 50 in 1941and 98 at the beginning of 1945.
In August 27,1945,North China Security Exchangeorganized by Tianjin Bank Association was open toservice in Liuguo Hotel in the Middle Street in theFrench concession. It dealt with security exchange. Thedirector of board was the chairman of Tianjin BankAssociation and manager of Jincheng Bank,WangYiling. It had planned to deal in exchange of 26 stocks.However,there were only five to six stocks beingexchanged including Qixin Cement Company.
In February 16,1948,Tianjin Stock Exchangelocated in the original address of North China SecurityExchange opened to service. The director of board wasthe manager of Communication Bank Li Zhongchu. Itapproved around 100 brokers and dealt in exchange ofstocks of 13 enterprises.
After the liberation,Tianjin City Stock Exchangewas founded in June 1,1949. The director was the armyrepresentative Sun Jimin. It had 39 brokers and dealt inexchange of stocks of many enterprises. In July 19,1952,Tianjin City Stock Exchange was cancelled and itsbusiness was done by Tianjin Investment Company.Later,stock exchange was done by the CommunicationBank currently. In 1956,stock exchange was stoppedafter combination of public and private enterprises. Inhistory,stock exchange in Tianjin started the earliest and ended the latest.

·啟新洋灰公司