Hong Kong to lower stamp duty on stock transfer
Xinhua |
Updated: 2023-10-25 13:04
Share
Share - WeChat
HONG KONG -- China's Hong Kong Special Administrative Region (HKSAR) will reduce stamp duty on stock transfer as part of efforts to bolster the stock market, HKSAR Chief Executive John Lee said Wednesday.
The stamp duty will be cut from the current 0.13 percent to 0.1 percent of the consideration or value of each transaction payable by buyers and sellers respectively, he said.
The target is to complete legislative procedures by the end of November, he added.
- Visa facilitation steps boost number of foreign visitors
- Chongqing workers beat heat with watermelon contest
- Poisoning claims three lives at a copper mine in Shanxi
- China promotes global civilizational exchanges
- Lai Ching-te's 'lectures' full of lies: mainland spokesperson
- China's top political advisor stresses expanding domestic demand
