China halves stamp duty on stock trades to boost flagging market
The finance ministry said in a brief statement on Sunday it was reducing the 0.1% duty on stock trades
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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.
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