Stock Markets
Differences | The Chinese Stock Market | The US Stock Market |
Trading Period | 9:30 AM to 11:30 AM and 1:00 PM to 3:00 PM | 9:30 AM to 4:00 PM or 10:30 AM to 5:00 PM |
Currency | USD, HKD and CNY | USD |
Trading Unit | Shou (100 shares) | Any |
Limit of Rising or Fall | 10% | No limit |
Transaction Fee | 1/3000 of the purchased stock price | $15 |
Tax Burden | 1/2000 of the value of the purchased stock | Foreigners are exempted |
Delivery Rule | A-shares (domestic ownership) needed to wait until the second trading date, and B-shares (foreign ownership) needed to wait three more days after purchasing the stock | Stocks can be purchased and sold immediately, and the stock trades clear and settle within one day |
Stock Split Exit Right | After receiving the stocks | When the stocks split |
Transaction Code | A series of numbers | Ticker symbols |
Business | Only Chinese companies can go public | Companies from almost 100 countries can go public |
Prediction and Market Condition | Short bull periods and long bear periods | Much longer bull periods and shorter bear periods |