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  1. 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 ...

  2. Stamp duty rise tips markets into downturn

    Posted May 31st 2007, 12:00am by Staff Reporter

    ... the stamp duty paid on share trades- its most decisive action yet to cool months of frenzied speculation that has sent the bourses to record highs. At one point the benchmark Shanghai Composite ... the stamp duty hike. The Shanghai index will seek bottom at around 3,000 in June,' said Wang Sheng, a strategist at Haitong Securities, based in Shanghai. 'A meaningful correction ...

  3. DAB seeks easing of rules on stock listings and cuts in stamp duty

    Posted Jan 03rd 2007, 12:00am by Klaudia Lee

    ... financial centre. The Democratic Alliance for the Betterment and Progress of Hong Kong also urged the government to cut stamp duty on share transactions, which stands at 0.1 per cent on each deal- ... jurisdictions are assessed on a case-by-case basis, a HKEx spokesman said. From January to October last year, the government received HK$12.7 billion from stamp duty on share trades. The DAB said ...

  4. China cuts stamp duty to revive stock slump

    Posted Jan 25th 2005, 12:00am by Elaine Chan

    ... Elaine Chan The mainland yesterday halved its stamp duty for stock transactions in another attempt to revive a protracted slump as the country resumes new initial public offerings. ... Commission announced the resumption of new listings on January 15 after a five-month suspension. Hong Kong-listed Huadian Power International was the first. Analysts said the latest stamp duty cut ...

  5. More questions than answers on this bull run

    Posted May 31st 2007, 12:00am by Staff Reporter

    ... at midnight on Tuesday, to raise stamp duty on securities trading may have been a relatively small and sensible move to cool the market, yet it appeared to play at least some part in yesterday's fierce sell-off. Unlike other recent moves to better manage liquidity and reduce inflationary pressures on the broader economy, the increase in stamp duty from 0.1 per cent to 0.3 per cent ...

  6. Plan to scrap share-sales tax

    Posted Mar 14th 2012, 12:00am

    ... equities market. Hou Wailin, chief of the China Securities Regulatory Commission's (CSRC) Guangdong branch, said the mainland should phase out stamp duty on selling shares, at least ... stock buyers are exempt from paying stamp duty. If the tax is phased out, investors will save on share trading costs, but the impact would be minimal. 'The cancellation of the 0.1 per cent ...

  7. Markets bounce back as Beijing comes under fire

    Posted Jun 01st 2007, 12:00am by Staff Reporter

    ... Lee Yuk-kei and Guo Aibing State-held media slam midnight raising of stamp duty Leading mainland stocks recovered yesterday in a rebound that masked continued losses in shares held ... and Shenzhen markets. Stocks plummeted on Wednesday after the government on Tuesday night tripled the stamp duty on share trading to 0.3 per cent from 0.1 per cent, less than a week after the Ministry ...

  8. Equities seen as a better bet in wake of property curbs

    Posted Dec 15th 2010, 12:00am by Sandy Li

    ... Sandy Li Bullish forecasts for the Hong Kong stock market could lure property traders to the equities market as additional stamp duties and higher initial down payments threaten to squeeze ... is received,' he said. Since November 20, the government has levied additional stamp duty of between 5 per cent and 15 per cent on flats resold within two years. At the same time, the Hong Kong Monetary ...

  9. Mainland stocks gloom extends to sixth week

    Posted Mar 22nd 2008, 12:00am by Nick Westra

    ... incentives such as a cut in stamp duty, have so far been disappointed. Speculation about a stamp duty cut gave the market a shot in the arm on Wednesday when the index ended a five-day losing streak. Cheng Siwei, a former vice-chairman of the National People's Congress and a renowned economist, said that while a stamp duty reduction was advisable, any rally the action sparked would ...

  10. Relief across the board as stocks rebound

    Posted Jun 06th 2007, 12:00am by Nevin Nie

    ... it,' said Wang Yuedong, an analyst with China Jianyin Investment Securities. Confidence in the market plummeted following the May 29 overnight increase in stamp duty on share trading, drawing ... the tripling of stamp duty but returned to the market too soon and took a hit when falling prices on Monday dragged the composite index down more than 8 per cent. 'I lost some money just like ...




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