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.
- Measures help Tibetan antelope migrate in Xizang
- Xizang Airport sees surge in pet shipments
- Premier stresses high-quality implementation of major national projects
- Mainland tourism dazzles at Taipei travel expo with cultural relic souvenirs
- Global campers promote cultural exchange at mini world expo
- National health body expands pediatric services to nearly all hospitals
