Nomura pours cold water on China stamp-duty cut, points to ‘short-lived’ impact

Nomura Holdings believes that China's recent market-boosting measures, including a cut in stamp duty, will not be enough to sustain a rebound in stocks or bolster economic growth without additional policy support for the real economy.

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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 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

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

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.

8/29/2023

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.

9/6/2023

China stocks lack earnings power, investors seek ‘substantive’ measures: BofA

China's stock market rebound may be temporary as corporate earnings continue to decline and companies revise down their outlooks, causing concern for foreign funds and prompting Bank of America to urge caution.

9/13/2023

China rolls out new measures to prop up struggling property sector

China's recent policies to stabilize the property sector may not be enough to stimulate real economic growth, although they could generate demand, according to analysts.

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Posted 8/28/2023, 7:50:29 AM

Nomura pours cold water on China stamp-duty cut, points to ‘short-lived’ impact

scmp.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 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

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

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.

8/29/2023

Chinese Efforts to Boost Domestic Stock Market Sputter

9/6/2023

China stocks lack earnings power, investors seek ‘substantive’ measures: BofA

9/13/2023

China rolls out new measures to prop up struggling property sector

China's recent policies to stabilize the property sector may not be enough to stimulate real economic growth, although they could generate demand, according to analysts.