Investment Daily Note

The Governor of People's Bank of China, Zhou Xiaochuan, said on the G20 meeting at Ankara, Turkey that Chinese economy had not experienced any fundamental change, renminbi did not have basis for long-term depreciation, renminbi exchange rate against the US dollar has stabilized, correction of the stock market was largely in place, a more stable financial market could be expected. With Zhou's authoritative remarks, market confidence might be strengthened.

U.S. non-farmpayroll for August increased by 173,000, which is below the expected number of 217,000. However, the figures for June and July have been revised upward. Also, unemployment for August dropped to 5.1%, the lowest since Apr-2008, which makes a rate hike this month still possible.