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China Stock Market Stamp Duty Halved

ANQING, CHINA - AUGUST 28, 2023 - Investors pay attention to the stock market at a securities business hall in Anqing city, East China's Anhui province, Aug. 28, 2023. Recently, the Ministry of Finance and the State Administration of Taxation issued the Announcement on Halving the Stamp Tax on Securities Transactions, which will be halved from August 28. According to statistics, at present, there are more than 220 million individual investors in China's stock market, accounting for 99.76% of investors in the whole market. Reducing the stamp duty tax rate of securities transactions is conducive to enabling the tax reduction policy to benefit the majority of small and micro investors. (Photo by Costfoto/NurPhoto)

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