Reporters' Log

CSRC chief: Further stamp tax cut possible

By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-03-05 14:53

There is still room to reduce the stamp tax on share trading, China Securities Regulatory Commission (CSRC) Chairman Shang Fulin said Thursday on the sidelines of the annual session of the Chinese People's Political Consultative Confernece (CPPCC).

The country lowered the duty from 0.3 percent to 0.1 percent last April and exempted share purchases from taxes in September.

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