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  1. Markets rally on mainland's stamp duty cut

    Posted Apr 25th 2008, 12:00am by Nick Westra

    ... and Korea 0.08 per cent. In a research report released yesterday, HSBC regional strategist Steven Sun and his team of analysts likened the cut in stamp duty on mainland share transactions from 0.3 ... mainland-related stocks. Giant oil and gas producer PetroChina, the fourth largest H-share index constituent, climbed 4.78 per cent to HK$11.84. Its A shares rallied 9.87 per cent to close at 18.15 yuan ...

  2. Mainland slashes stamp duty on stocks

    Posted Apr 24th 2008, 12:00am by Staff Reporter

    ... market slump which has seen the value of listed companies drop by a third this year. The Ministry of Finance said that, from today, duty of 0.1 per cent would be charged on share trades. The move is the most controversial yet by the government as it seeks to arrest share-price declines that threaten to affect broader economic sentiment. The Shanghai Composite Index rallied 4.15 per cent ...

  3. Beijing cuts tax, down payments, mortgage rates for homebuyers

    Posted Oct 23rd 2008, 12:00am by Peggy Sito, Sandy Li

    ... gain in three years. From November 1, the Ministry of Finance said, property deed tax would fall to 1 per cent from 1.5 per cent for people buying a first home of less than 90 square metres, while the 0.05 per cent stamp duty and value-added tax would be scrapped for all purchases. Down payments for all transactions will be reduced to 20 per cent from 30 per cent and the minimum ...

  4. Beijing scraps stamp duty to revive markets

    Posted Sep 19th 2008, 12:00am by Staff Reporter

    ... per cent stamp duty from today, the Ministry of Finance said after trading ended yesterday. Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission (Sasac), ... rally won't be enough to shake off the bearish sentiment.' Beijing reduced the stamp duty from 0.3 per cent to 0.1 per cent in April, displaying its determination to arrest a market ...

  5. Budget surplus tipped to be record HK$100b

    Posted Jan 18th 2008, 12:00am by Dennis Eng

    ... duty on property transactions on homes worth between HK$2 million and HK$2.5 million could be changed from 1.5 per cent to a fixed amount of HK$100. Other measures might include more ... with the firm, said. The firm expects the administration to grant a 50 per cent salaries tax rebate up to HK$15,000 for 2007/08, as it did last year, widen marginal tax bands by HK$5,000 to HK$40,000 ...

  6. Mainland stocks suffer worst quarter in 15 years

    Posted Apr 01st 2008, 12:00am by Nick Westra

    ... incentives to underpin the weak market. The decline also closed the books on a 20.14 per cent slide in March, its largest monthly drop since July 1994. 'The effect of a stamp duty cut would ... 34 per cent to 3,472.713 points. The Hang Seng Index was hot on its heels, diving 17.85 per cent to 22,849.2 points for its largest quarterly loss since the terrorist attacks of 2001. ...

  7. Ex-URA director avoided stamp duty, court told

    Posted Nov 26th 2008, 12:00am by Staff Reporter

    ... Yvonne Tsui A former executive director of the Urban Renewal Authority avoided more than HK$500,000 in stamp duty on flats he bought at an internal pre-sale for a project he had had a hand ... HK$496,600 in stamp duty. The premiums the new buyers paid were also not included in the calculation of the stamp duty payments, the court heard. If they had been, a total of HK$576,092 would have ...

  8. Duty done: price of wine falls by 20pc

    Posted Mar 14th 2008, 12:00am by Dennis Eng

    ... Lan Kwai Fong Entertainments, El Grande group and Maxim's Caterers. Lan Kwai Fong founder Allan Zeman said overall business had risen by about 15 per cent since the duty announcement. ... Dennis Eng The average retail price of wine in Hong Kong has fallen by nearly 20 per cent since the 40 per cent duty was scrapped in the budget two weeks ago, a survey has found. The study ...

  9. Taxman nets record HK$200b

    Posted May 06th 2008, 12:00am by Dennis Eng

    ... HK$91.42 billion, up 27 per cent, or an extra HK$19.5 billion. Stamp duty, levied on stock and property transactions, added HK$51.55 billion, more than double the HK$25.7 billion recorded ... duty- seen rising 1 per cent, to HK$13.13 billion. The government expects stamp duty revenue to drop 33 per cent, that from salaries tax to fall 30 per cent, to HK$26.38 billion, and the profits ...

  10. Dongfang income drops 63pc on asset write-offs

    Posted Aug 22nd 2008, 12:00am by Eric Ng

    ... to 12.06 billion yuan, based on mainland accounting standards, with a 10.6 per cent rise in output to 12,800 megawatts. Overall gross profit margin slumped to 15.51 per cent from 20.83 per cent ... equipment. The company said last night net profit for the six months to June plunge 63.3 per cent year on year to 452.45 million yuan (HK$ 516.28 million), based on international accounting ...




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