Hong Kong’s stock exchange was second in the world last year in terms of initial public offerings. Photo: AP Hong Kong’s stock exchange was second in the world last year in terms of initial public offerings. Photo: AP
Hong Kong’s stock exchange was second in the world last year in terms of initial public offerings. Photo: AP

Innovation, not low costs, will energise Hong Kong stock market, finance chief says in defending tax increase

  • Paul Chan doubles down on commitment to raising the stamp duty on stock transactions to 0.13 per cent on August 1, in spite of objections from the industry
  • ‘We are not in a race to compete on low costs, instead, we need to come up with innovative policies,’ he says

Topic |   Hong Kong budget 2021-2022
Hong Kong’s stock exchange was second in the world last year in terms of initial public offerings. Photo: AP Hong Kong’s stock exchange was second in the world last year in terms of initial public offerings. Photo: AP
Hong Kong’s stock exchange was second in the world last year in terms of initial public offerings. Photo: AP
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