Economy

【Financial Str. Release】China halves stamp duty on stock trading

August 28, 2023

Abstract : China halved the stamp duty on stock transactions effective Monday to invigorate the capital market and boost investor confidence, the Ministry of Finance and the State Taxation Administration announced Sunday in a statement.

Photo taken on Nov. 15, 2021 shows a scene at the opening ceremony of the Beijing Stock Exchange, in Beijing, capital of China. (Xinhua/Li Xin)

BEIJING, Aug. 27 (Xinhua) -- China halved the stamp duty on stock transactions effective Monday to invigorate the capital market and boost investor confidence, the Ministry of Finance and the State Taxation Administration announced Sunday in a statement.

The stamp duty on stock trading is currently 0.1 percent.

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Keyword: capital market Financial Str. Release stock transaction

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