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