BEIJING  -China halved the stamp duty on securities transactions, state media reported Sunday, in an effort to restore confidence in the world's second-largest stock market as the country battles an economic slowdown. The cut, which will take effect on Monday, is the country's first since 2008. China's Ministry of Finance and its State Taxation Administration said in a joint statement the move was designed to 'invigorate the capital market and boost investor confidence'. Chinese markets have eagerly awaited the reduction of the duty from its current rate of 0.

https://business.inquirer.net/418047/china-halves-stock-trade-tax-to-boost-market

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