Ixie Chen News Today

The finance ministry said in a brief statement on Sunday it was reducing the 0.1% duty on stock trades

China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery sputters in the world's second-biggest economy, reports Reuters. The finance ministry said in a brief statement on Sunday it was reducing the 0.1% duty on stock trades "in order to invigorate the capital…

The proposal to reduce the current 0.1 per cent stamp duty on securities trading suggested a cut of either 20 per cent or 50 per cent. Read more at straitstimes.com.

Investors are demanding a stronger policy response including massive government spending

Australian shares are expected to lift as a trove of economic numbers and a big finish to reporting season loom, including Andrew Forrest’s mining company.

The State Council Information Office, which handles media queries on behalf of the government, did not respond to a faxed request for comment. The Ministry of Finance and the China Securities Regulatory Commission (CSRC) did not respond either.

Chinese authorities are planning to cut the stamp duty on stock trading by as much as 50%, three people with knowledge with the matter said.

HONG KONG: Chinese authorities are planning to cut stamp duty on stock trading by as much as 50 per cent, three people with knowledge of the matter said, in a further attempt to revitalise the country's struggling stock market. Regulators including the Ministry of Finance, under the guidance of the State C

Property tax, the topic that has sparked countless debates and speculation in the past decade, has again raised eyebrows as China completed building a national and unified system for real estate registration. But industry experts suggest that the establishment of the system does not necessarily mean the introduction of property tax in the near future, especially considering the status quo of the real estate sector.

The first May Day holiday in China after the COVID-19 pandemic control measures were optimized saw a mild pickup in property trading — and the uptrend will likely extend into the coming months, considering the macroeconomic acceleration and the anticipated further release of pent-up demand for homes, industry experts said.