We Got the Message: Stamp Tax Increase

Reading Time: 2 minutes The policy makers in China found the silver bullet finanlly, the Shanghai composite index dropped 280 points or 6.5% today May 30, as seen from this news from Bloomberg. This is the biggest drop in a day since Feb 27 (9% drop). The policy makers have warned the investors (or more accurately speculators) for a while, the… Continue reading We Got the Message: Stamp Tax Increase

China to Raise Stamp Tax

Reading Time: < 1 minute That’s the stock trading 印花税 in Chinese. It was only a week ago somebody from department of finance denied the “rumor”, now they ate their own words. They raised rate from 0.1% to 0.3% for stock trade. I don’t know how the market will react to this. Will it blush off like it did on May 21 amid… Continue reading China to Raise Stamp Tax