China halves stamp duty on stock trades to boost flagging market

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BEIJING (Reuters) - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBEIJING - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery sputters in the world's second-biggest economy.

Reuters reported on Friday that the authorities were planning to cut the duty by up to half after a key share index fell to nine-month lows. China's leaders vowed late last month to reinvigorate the stock market, also the world's second-largest, which has been reeling as the post-pandemic recovery flags and a debt crisis in the property market deepens.

 

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