China plans to slash stamp duty on stocks to revive stock market

China plans to slash stamp duty on stocks to revive stock market

An investor looks at an electronic screen showing stock information at brokerage house in Hangzhou, Zhejiang Province, China, January 11, 2016. REUTERS/China Daily

Chinese authorities are planning to cut the stamp duty on stock trading by as much as 50%, three people with knowledge of the matter said, in a further attempt to revitalise the country’s struggling stock market.

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