The securities market in modern China was born in semi-colonial and semi-feudal society.
近代中国证券市场诞生于半殖民地半封建社会。
Semi-colonial and semi-feudal society of modern China has a developping and forming process, which is the process of the combination of foreign imperialism and civil feudalism.
近代中国半殖民地半封建社会有一个演变和形成的过程，这一过程就是外国帝国主义和本国封建主义相结合的过程。
When many foreign Banks, always, consulate, etc, have gathered here from the Oriental "Wall Street", which is a form of old Shanghai semi-colonial and semi-feudal society of a miniature history.
当年许多外国银行、总会、领事馆等云集于此，有东方方“华尔街”之称，形成旧上海半殖民地半封建社会的一个历史缩影。
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