Weekend – China halves stamp tax for securities trading

<p>China's Ministry of Finance said on Sunday the government will halve the stamp tax levied on securities trading starting Monday.</p><ul><li>Also, to give a small lift to margin trading, the China Securities Regulatory Commission (CSRC) said an investor will be required to deposit at least 80% of the amount borrowed with their, down from 100% previously, This begins with the close of trading on Sept 8.</li></ul><p>In a related matter, the China Securities Regulatory Commission's stated shortly after that the pace of IPOs will be slowed temporarily while ex-ante communication about listed companies' large-scale refinancing plans will be strengthened.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.