Business

China halves stamp duty on stock trading

Current duty on stock trading is 0.1%

Updated 3 years ago · Published on 27 Aug 2023 7:41PM

China halves stamp duty on stock trading — China has taken the step to invigorate the capital markert and boost investor confidence, says its Finance Ministry and tax body. – AFP pic, August 27, 2023

BEIJING – China halved the stamp duty on stock transactions effective tomorrow to invigorate the capital market and boost investor confidence, its Finance Ministry and taxman announced today in a statement, reported Xinhua.

The stamp duty on stock trading is currently 0.1%. – Bernama, August 27, 2023

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