Huangshan Tourism Development Co., Ltd., formerly known as Anhui Huangshan Tourism Development Company, started its joint-stock system reorganization in October 1985; issued foreign shares for the first time in October 1996, with a total of 193 million shares at the time of listing; and listed 80 million B-shares for trading on November 22, 1996.
A-shares and B-shares of Huangshan Tourism, listed on the Shanghai Stock Exchange in succession and covering Huangshan scenic spot development management, hotels, cableways, travel agencies and other businesses, are hailed as "the first complete Chinese tourism concept stock " and a milestone in the development history of modern tourism in China.