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  • November 26, 2014
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  1. Property selling despite curbs, agents say

    Posted Nov 21st 2010, 12:00am by Ada Lee, Charlotte So

    ... homes could be limited, agents say. A day after the authorities, taking aim at 'flippers', announced an additional stamp duty of up to 15 per cent on property transactions and cut ... 'flip' properties for quick gains. And these people primarily focus on properties at the lower end of the market. 'Sharply raising the stamp duty on the properties that change hands within ...

  2. Mainland stocks succumb to inflation fears

    Posted May 27th 2008, 12:00am by Staff Reporter

    ... is near the level it sank to last month before Beijing intervened, cutting the stamp duty to bolster the troubled market. Analysts and investors speculated that the regulator might step in again, ... on April 23 when Beijing announced a substantial reduction in the stamp duty. 'The downward trend is irreversible, and the index will soon test the 3,000-point floor set ...

  3. CSRC may fast-track moves to lift markets

    Posted Jun 12th 2008, 12:00am by Staff Reporter

    ... However, analysts said such measures would do little to arrest the market slide, given that previous stock-boosting attempts, such as April's cut in stamp duty tax, had failed. 'Worries ... further measures. China cut the stamp duty on stock trades on April 23. The CSRC last month told fund managers not to dump shares after a devastating earthquake in southern Sichuan province. ...

  4. Aftershocks shake equities markets

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

    ... believed the market had peaked, buoyed by the stamp duty cut in April. The Shanghai index had jumped nearly 20 per cent between the tax cut and the earthquake on May 12. 'A sell-off could have ... The question mainland equity investors now have is whether Beijing will have the clout to stimulate the index further after the stamp duty cut in late April that sparked the government-orchestrated ...

  5. HK$567 billion floods into city

    Posted Nov 20th 2009, 12:00am by Dennis Eng

    ... by the increased activity, the stock and property markets are expected to earn the government more in stamp duty than the HK$25 billion it estimated for this financial year. KPMG tax partner Jennifer Wong How-yee said the government could reap an additional HK$11 billion in stamp duty paid on stock transactions and an extra HK$5 billion on duties for properties. Revenue from the sale of land ...

  6. Beijing resorts to threats to stop stocks slide

    Posted May 31st 2008, 12:00am by Staff Reporter

    ... confidence.' In the past month, the Shanghai index has lost more than 7 per cent. That was not the performance analysts and investors expected after the government cut stamp duty on stock trades ...

  7. CSRC gags bearish fund managers

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

    ... as investors worried about lower corporate earnings and the fallout from the global credit crunch. In late April, Beijing cut the stamp duty on stock trading, hoping to put a floor under the falling ...

  8. Urge to intervene in the market should be resisted

    Posted Jun 15th 2008, 12:00am by Staff Reporter

    ... has intervened twice in recent months- by halting a flood of shares into the market and reducing stamp duty. Many investors and brokers who have lost money will, no doubt, be hoping ...

  9. Brokers cheer action on IPO pricing

    Posted Sep 01st 2004, 12:00am by Mark O'Neill

    ... pay stamp duty once, rather than twice, when buying and selling shares. Brokers are eager to see action to revive China's languishing capital markets, which are weighed down by poor ...

  10. Why property prices won't go away as a talking point

    Posted Mar 16th 2010, 12:00am by Tom Holland

    ... the government is highly unlikely to do anything beyond largely cosmetic measures. And that of course, suits the government, which relies heavily on high property prices to generate revenues from stamp duty, land premium payments, and developers' profit tax. That means that home ownership will continue to remain unaffordable for a large chunk of the population. And of course it means ...




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