Spinee wrote a post · Oct 25, 2023 01:49

HK Govt Reduces Stamp Duty on Stock Transfer to 0.1%, but HKEX Shr Loss Expands to 2%+

$HKEX (00388.HK)$ slid 0.5% at midday. After the Policy Address announced the reduction of stamp duty on stock transfer, the stock once recovered before falling again. It last printed at $283.4, down 2.28%. Volume amounted to 6.7937 million shares, involving $1.984 billion.

It is announced in the Policy Address that the Hong Kong government will reduce the rate of stamp duty on stock transfer from the current 0.13% to 0.1% of the consideration or value of each transaction payable by buyers and sellers, respectively.

The target is to complete the legislative procedures by the end of November.

$HONG KONG EXCHANGE (HKXCY.US)$ $MCA Futures(DEC4) (MCAmain.HK)$ $BIDU-SW (09888.HK)$ $BYD COMPANY (01211.HK)$ $TENCENT (00700.HK)$ $MEITUAN-W (03690.HK)$ $XPENG-W (09868.HK)$ $COUNTRY GARDEN (02007.HK)$

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