Hong Kong buying and selling tax hike will not hurt inventory market’s competitiveness, says monetary secretary


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Last updated Mar 1, 2021 Share Get PureVPN Hong Kong’s plan to extend the stamp responsibility on inventory buying and selling won’t hurt the competitiveness of town’s monetary markets, Monetary Secretary Paul Chan informed CNBC on Friday. Chan stated in his price range speech on Wednesday that the federal government will elevate the stamp responsibility paid on listed inventory trades from 0.1% to 0.13%. The announcement sparked a sell-off in shares of the operator of town’s inventory trade, and the broader Hong Kong market. “The Hong Kong market has been doing very effectively, very energetic, the quantity has gone up...