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  • September 18, 2014
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  1. Government takes aim at speculators

    Posted Nov 26th 2010, 12:00am by Staff Reporter

    ... Chun-wah announced a series of measures to cool the market, which many believe is a bubble on the brink of bursting. One tough measure is the spike in stamp duty- 15 per cent for properties ... per cent to 50 per cent. ...

  2. Bubble risk called for new levy, Tsang says

    Posted Nov 22nd 2010, 12:00am by Simpson Cheung

    ... whenever it is needed to prevent asset bubble risk from deteriorating,' he said. Properties purchased from November 20 onwards and sold within six months will incur a 15 per cent stamp duty ... Simpson Cheung Imposing a new stamp duty to curb property speculation was the right thing to do, the financial secretary said yesterday. Writing in his official blog, John Tsang Chun-wah ...

  3. Mainland stocks dive as editorials fail to work

    Posted Jun 05th 2007, 12:00am by Nevin Nie

    ... but the way it was introduced. 'The government was pushing it too hard. It could have taken a more step-by-step approach by increasing the securities trading tax first to 0.15 per cent, then 0.2 ... Lee Yuk-kei and Nevin Nie Panic selling grips investors spooked by rise in stamp duty Mainland stocks had their sharpest fall in three months yesterday, as panicked investors still jittery ...

  4. Officials talk up mainland market

    Posted Jun 07th 2007, 12:00am by Staff Reporter

    ... The Shanghai Composite Index dropped 12.89 per cent in the past week from its peak on May 29, after the government tripled the stamp duty last Wednesday. The sudden rise was widely criticised by retail ... an increase in stamp duty on share trades triggered a slump and led to substantial volatility over the past week. Gao Xiqing, a vice-chairman of the National Social Security Fund, one ...

  5. Asia likely to benefit from fresh US stimulus moves

    Posted Dec 01st 2010, 12:00am by Peggy Sito

    ... rates, consumer price inflation and asset prices. In a bid to counter speculation, the Hong Kong government on November 19 increased stamp duty on deals in which homes were bought and then sold soon afterwards. The stamp duty was set as high as 15 per cent if a home was resold in less than six months. The Hong Kong Monetary Authority also lowered the maximum loan-to-value ratio ...

  6. Investors steering clear of property

    Posted Jul 19th 2011, 12:00am

    ... The rating on property plunged five points in the second quarter from 12 points in the previous quarter, representing a 58 per cent drop. Confidence in gold, equities, the money market, collectibles, ... to decline, with sentiment at its lowest level since the report began. Only 52 per cent of the respondents predicted an improvement in the investment market in the latest survey, compared with 57 per ...

  7. Number of IPOs likely to fall 15pc

    Posted Dec 29th 2011, 12:00am

    ... May Chan may.chan@scmp.com Hong Kong's market of initial public offerings should decline about 15 per cent in 2012, a modest slide compared to the 40 per cent fall from last year ... valued at HK$271.4 billion this year. But that's not as steep a drop as the 40 per cent plunge from HK$449.5 billion raised last year- before the euro-zone debt crisis sent stock markets ...

  8. Brokerage shares rally as CSRC lowers fees

    Posted May 03rd 2012, 12:00am

    ... that could lead to the injection of more investment funds. The A-shares of Citic Securities rose 1.31 per cent to 13.17 yuan (HK$16.20) in their biggest intra-day increase since April 20, while the firm's H shares climbed 1.96 per cent to HK$16.82. Likewise, Haitong Securities' A-shares increased 2.33 per cent to 10.12 yuan, while their H-shares surged 6.26 per cent to HK$11.54- ...

  9. Shipping giant's A-share IPO raises 15b yuan

    Posted Jun 20th 2007, 12:00am by Denise Tsang

    ... yuan. The price, below the firm's H shares that closed at HK$10.88 on Monday, puts the price-earnings ratio of the A shares at as much as 98.67 times. As only 0.56 per cent of the retail orders were fulfilled, falling short of the 2 per cent threshold, the firm increased the retail tranche by 5 per cent of the total offering to 50 per cent. The retail ratio was raised to 0.617 ...

  10. Investment funds record 31pc decline in net inflows

    Posted Jul 04th 2007, 12:00am by Staff Reporter

    ... totalled US$15.8 billion in the year through to May, up 24.7 per cent from the same period last year. However, investors in the same period pulled US$13.6 billion out of funds, leaving fund ... of these fund types enjoyed strong net inflows last year. Equity funds overall saw a 15 per cent increase in sales for the first five months to US$12.1 billion. 'People only really started ...




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