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On August 3, the three major media outlets, including Economic Daily, Securities Times, and CCTV, spoke out together to come up with suggestions to revitalize the capital market and boost investor confidence in various aspects such as reducing stamp duty and improving the system.
Economic Daily: “Let residents also earn money through channels such as stocks and funds, so as to turn the will to spend into the ability to spend”
Using the active capital market as a fulcrum, it leverages the entire consumer market, which in turn boosts domestic demand and promotes economic transformation and upgrading.
CCTV: “We can consider reducing stamp duty to reduce transaction costs and implement T+0 transactions to activate market transactions”
Currently, the stamp duty rate for securities transactions is one-thousandth of a percent levied unilaterally, and this level has been maintained since September 2008. However, before April 2008, stamp duty on securities transactions had been adjusted several times. Based on past experience, if stamp duty is adjusted, it may play a more obvious role in invigorating the capital market.
Securities Times: “Boosting 0.2 billion multi-shareholder and 0.7 billion multi-stakeholder confidence! The market is looking forward to policies such as reducing stamp duty and optimizing the trading system”
Measures to revitalize the trading side of the capital market have been implemented one after another. On July 8, the public fund industry rate reform began. A number of leading institutions took the lead in announcing that management rates and custodian rates for their stock products would be reduced to less than 1.2% and 0.2% respectively.
The market expects to introduce more policies and rules on the trading side in the future, such as reducing stamp duty on stock transactions and optimizing the trading system, to further invigorate the market and enhance the liquidity of A-shares and Hong Kong stocks.
However, some investors said: The key is if the intrinsic value of listed companies does not increase...
Economic Daily: “Let residents also earn money through channels such as stocks and funds, so as to turn the will to spend into the ability to spend”
Using the active capital market as a fulcrum, it leverages the entire consumer market, which in turn boosts domestic demand and promotes economic transformation and upgrading.
CCTV: “We can consider reducing stamp duty to reduce transaction costs and implement T+0 transactions to activate market transactions”
Currently, the stamp duty rate for securities transactions is one-thousandth of a percent levied unilaterally, and this level has been maintained since September 2008. However, before April 2008, stamp duty on securities transactions had been adjusted several times. Based on past experience, if stamp duty is adjusted, it may play a more obvious role in invigorating the capital market.
Securities Times: “Boosting 0.2 billion multi-shareholder and 0.7 billion multi-stakeholder confidence! The market is looking forward to policies such as reducing stamp duty and optimizing the trading system”
Measures to revitalize the trading side of the capital market have been implemented one after another. On July 8, the public fund industry rate reform began. A number of leading institutions took the lead in announcing that management rates and custodian rates for their stock products would be reduced to less than 1.2% and 0.2% respectively.
The market expects to introduce more policies and rules on the trading side in the future, such as reducing stamp duty on stock transactions and optimizing the trading system, to further invigorate the market and enhance the liquidity of A-shares and Hong Kong stocks.
However, some investors said: The key is if the intrinsic value of listed companies does not increase...
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