Tough days for U.S. dollars just start

U.S. Labor Department data released Thursday showed until July 3 the number of claims for unemployment benefits fell to 454,000 in the U.S., 46 million below expectations, which is the lowest in 2 months. On July 3 the United States the weekly Redbook retail sales annual rate is +3.1%, slightly lower than the expected value of 3.2%. The U.S. Treasury Department said yesterday that the RMB is still undervalued, but did not mean that China or any other country manipulated its currency to gain trade advantage. In the semi-annual report of the exchange rates of U.S. trade partners which was delayed for several months, U.S. Treasury Department said last month the policy change made by China was of great significance, what is critical is the appreciation of the RMB extent and speed. The United States will closely monitor the results of RMB foreign exchange reform.

Barack Obama said the U.S. economy is recovering, but the future will experience “difficult days.” Nomura Securities analyst Thursday ( July 8 )  said that, from a global perspective, he predicted in the next few weeks or months the dollar will weaken again. Nomura Securities pointed out that, due to significant deterioration in U.S. economic growth prospects in recent weeks, so the prospect of U.S. dollars in the second half of 2010 is still bleak . Analysts added that in the next few months, investors may be more willing to invest in riskier assets.

Comparison of the Chinese stock market and the U.S. stock market

1, trading hours:

China: 9:30 AM ~ 11:30 AM 13: 00PM ~ 15:00 PM    total of 4 hours

United States: Summer Time 9:30 PM ~ 4:00 AM    non-summer time 10:30 PM ~ 5:00 AM a total of

6.5 hours with extended after-hours trading

2, the transaction currency:

China: RMB, U.S. dollars, HK

United States: USD

3, the transaction unit:

China: hand ( 100 shares per hand)

United States: Unlimited, a stock will do

4, Price Change Limits:

China: 10%

United States: Unlimited

5, procedure fee:

China: 0.3 percent of the transaction amount

USA: 15 dollars each deal

6, the tax burden:

China: 0.2 percent of the transaction amount

United States: non-Americans enjoy tax-free

7, financing:

China: No

U.S.: Financing is 1 / 2 of the share price, which is 50% of the amount, no restrictions of class.

8, shorting rules:

China: Shall not be emptied below flat

United States: whether above or below, as long as the price of a transaction is higher than the

previous high prices shorting is allowed.

9, delivery regulations:

China: trade T +1, liquidation A stock T +1, B shares of T +3

United States: there is sufficient amount of money you can trade (T +0)

10, split ex:

China: trading will only be conducted after stocks are received

United States: the transaction can be conducted on the day of the spliting

11, Dividend:

China: normally paid once a year, the company will determine the amount of dividends and cash

dividends or stock dividends based on the previous year’s surplus.

U.S.: Only cash dividend, the amount of the dividend are pre-determined and paid quarterly

directly into the securities account