Lower Hong Kong tax on securities trading not silver bullet for stock market: Chan

Financial Secretary Paul Chan Mo-po has cautioned against lowering Hong Kong's stamp duty on securities trading as a means to revive the sluggish stock market, stating that it may not resolve the underlying structural issues but could weaken investor confidence; he also plans to visit the US and Europe to promote Hong Kong as an international financial center.

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Relevant topic timeline:

8/27/2023

China halves stamp duty on stock trades to boost flagging market

China has halved the stamp duty on stock trading in an effort to boost the struggling market, but analysts predict that the impact will only be short-term.

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.

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China lowers stamp duty on stock trades, tightens IPOs to woo investors

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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.

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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.

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Posted 9/3/2023, 1:49:23 PM

Lower Hong Kong tax on securities trading not silver bullet for stock market: Chan

scmp.com

Relevant topic timeline:

8/27/2023

China halves stamp duty on stock trades to boost flagging market

China has halved the stamp duty on stock trading in an effort to boost the struggling market, but analysts predict that the impact will only be short-term.

8/27/2023

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

8/27/2023

China lowers stamp duty on stock trades, tightens IPOs to woo investors

China has cut the stamp duty on stock trades and plans to slow the pace of initial public offerings in an effort to boost investor confidence and stimulate the capital markets.

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

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