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Written by: Kong Fanxu
2021-02-28 09:03
The last update date: 2021-02-28 09:03
The new "Budget" was released last Wednesday. When the Secretary for Financial Services and the Treasury, Xu Zhengyu, attended the commercial channel program "Positive Good Sunday" this morning (28th), he pointed out that the government plans to increase the stock stamp duty rate by 30% for the purpose of The government has increased its revenue. Based on 130 billion yuan of daily transaction volume, it is estimated that it will bring 12 billion yuan to the warehouse for the whole year.
Xu believes that increasing the tax rate will not have an impact on the local market. As the country's economy grows and international investors actively adopt the interconnection system between Hong Kong and the Mainland, Hong Kong's core competitiveness will not change and will continue to improve.
Xu Zhengyu.
(Photo by Li Zetong)
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2021 Budget Secretary for Financial Services and the Treasury Xu Zhengyu