China's Stock Market

Dialogue 1

-Good morning,sir!Can I help you?

-Yes,please.I'd like to register with Hushi Stock Market.Do you handle the business?

-Yes,we do.Welcome to our firm.

-I've been told that you have stock A market and B market.Is it true?

-Yes,it is.

-Well,can I do trading of the both?

-I'm afraid not.Only Market B is open to a foreign legal person.

-What's the procedure?

-It is quite simple.Fill out this form,make a contract with our firm and them deposit your money.Do you want to do it now?

-No,I only wnat to ask about it.

-Anything more you'd like to know?

-No,nothing.Thank you.

-You are welcome.

Dialogue 2

-Sir,welcome to our broking firm.Can I help you?

-Yes,please.I'm much interested in your securities markets,so I'd like to get some information about it.

-I'm glad to provide you with what you want.What aspects re you interested in?

-Is a foreign citizen allowed to do trading in your securities maket?

-Certainly.Our market B is open to foreign citizens.We have a lot of foreign clients in our broking firm.

-What do you think of your market?Do you think it is potential?

-Yes,I think so.As is well known,Chiese economy moved smoothly last year,our GDP increased 8% and we are expecting 7.5% this year,which indicates it is developing faster than most other countries in the world.

-What you said sounds reasonable.Then,how shall I go about trading in the East Motor Corporation?

-First of all,you'd better choose a broking firm and register with it and then you can do the trading.

-Do all broking firms handle B business?

-Yes,they do.including ours.

-I see.Thank you.

-You are welcome.

Dialogue 3

-Good morning,sir!May I help you?

-Yes,please.I'm from Australia.I'm planning to make investment in your securities market.

-It's wise of you to make such a decision.I appreciate your coming to our firm.

-There is still something that I'm not quite clear about.May I ask you for help?

-Certainly,please do.

-I've been told that foreigners can do trading only in Mardet B.Is it true?

-Yes,it is.

-Well.I'd like to know why we are not allowed in Market A?

-Because when a company is listed to sell its stock,it has a plan as to how much RMB,how much USD,or how much Hong Kong dollar to be collected in order to develop its business.I think it's the main reason.

-Oh,I see.Must I do trading in person?

-No,you needn't.You may ask a Chinese broking firm to do it for you.But before you get down to business,you have to make a legal contract,in case anything unexpected should happen.

-It is the same in our country.Thank you for your patient explanation.I'm quite clear now.

-You are always welcome.

Dialogue 4

-Hi,Mr.Hunt.Glad to meet you again.

-Me,too.I have some more questions to ask you.Are you free now?

-Yes.Feel free to ask.

-Thank you.What's your stamp tax in Market B?

-0.3% of equity turn-over.In addition we ask 0.43% for commission.

-Any other expenses?

-Yes.In Market B you are asked to pay 0.78% of the total trading amount for settlement.

-That means I have to pay about 0.78% of the total trading amount.

-Yes.You are right.

-It is too expensive.Don't you think so?

-You think so?More pay more gain.When you pay money,you'll find a chance to earn money.

-Well,sounds reasonable.

-Exactly.