Topics

Posted 8/25/2023, 7:21:00 AM

Exclusive: China plans to cut stamp duty on stock trading by up to 50% to revive sentiment-sources

Chinese authorities are planning to cut the stamp duty on domestic stock trading by as much as 50% in an effort to revive the struggling stock market and boost investor confidence.

reuters.com

Relevant topic timeline:

8/18/2023

Chinese authorities attempt to revive flagging economy amid contagion fears

Chinese authorities have introduced new measures to boost investor confidence in the stock market by reducing trading costs, relaxing rules on share buybacks, and considering extended trading hours and a cut in stamp duty, following recent declines in both the stock and bond markets. These declines have been influenced by China's deteriorating economic outlook, including deflation, weak consumer spending on manufactured goods, rising youth unemployment, and concerns over the property market.

8/27/2023

China halves stamp duty on stock transactions to boost investor confidence

China has halved stamp duty on securities transactions and lowered margin requirements for buying stocks in an effort to boost investor confidence in the country's capital market.

8/27/2023

Hong Kong eyeing task force to improve stock market liquidity: John Lee

Hong Kong Chief Executive John Lee has established a task force to study the possibility of reducing stamp duty on stocks in order to strengthen the local economy, as the move comes after China halved its stock stamp duty in an effort to boost investor confidence.

8/28/2023

Chinese stocks get brief uplift from first share dealing tax cut since 2008

China has cut a tax on stock trading for the first time since 2008 in an effort to restore investor confidence, but concerns about the real estate crisis and sluggish growth prospects continue to weigh on the market.

8/28/2023

Hong Kong stocks jump by most in 5 weeks on Beijing’s market-boosting steps

China's stamp duty and margin cuts revive confidence in the Hong Kong stock market, leading to a rally in stocks such as HKEX, Alibaba, and BYD, while China Evergrande continues to struggle.

8/28/2023

Latest market-sensitive news and views - Aug. 28

China has announced measures to support the market, including reducing stamp duty on stock trading and approving the launch of retail funds, but the response from investors has been muted.

8/28/2023

Hong Kong should cut stamp duty to boost flagging stock market, brokers say

Hong Kong brokers and analysts are calling for a reduction in stamp duty and relaxed listing rules to revive the sluggish stock market, following a decline in turnover after the government increased the stamp duty in August 2021; they suggest that these measures would attract more investors and new listings.

8/29/2023

New 13-member Hong Kong task force set up to help boost sluggish stock market

Hong Kong has established a 13-member task force to review the stock market's liquidity and improve its competitiveness, including examining the listing regime, market structure, and trading mechanism; however, there was no announcement regarding a reduction in stamp duty on stock trading.

8/29/2023

Chinese Efforts to Boost Domestic Stock Market Sputter

China's government implemented various measures to boost its stock market, including a cut in stamp duty and restrictions on selling shares, but the impact has been limited as the CDI 300 index closed up just 1.2% after initially opening higher, and troubled property developer Evergrande experienced an 87% drop in stock value; foreign investors are pulling their money out of China and want to see more significant policy measures from the government.

Topics

Posted 8/25/2023, 7:21:00 AM

Exclusive: China plans to cut stamp duty on stock trading by up to 50% to revive sentiment-sources

Chinese authorities are planning to cut the stamp duty on domestic stock trading by as much as 50% in an effort to revive the struggling stock market and boost investor confidence.

reuters.com

Relevant topic timeline:

8/18/2023

Chinese authorities attempt to revive flagging economy amid contagion fears

8/27/2023

China halves stamp duty on stock transactions to boost investor confidence

China has halved stamp duty on securities transactions and lowered margin requirements for buying stocks in an effort to boost investor confidence in the country's capital market.

8/27/2023

Hong Kong eyeing task force to improve stock market liquidity: John Lee

8/28/2023

Chinese stocks get brief uplift from first share dealing tax cut since 2008

8/28/2023

Hong Kong stocks jump by most in 5 weeks on Beijing’s market-boosting steps

China's stamp duty and margin cuts revive confidence in the Hong Kong stock market, leading to a rally in stocks such as HKEX, Alibaba, and BYD, while China Evergrande continues to struggle.

8/28/2023

Latest market-sensitive news and views - Aug. 28

China has announced measures to support the market, including reducing stamp duty on stock trading and approving the launch of retail funds, but the response from investors has been muted.

8/28/2023

Hong Kong should cut stamp duty to boost flagging stock market, brokers say

8/29/2023

New 13-member Hong Kong task force set up to help boost sluggish stock market

8/29/2023

Chinese Efforts to Boost Domestic Stock Market Sputter