China will raise the stamp tax on securities trading from the current 0.1 percent to 0.3 percent beginning May 30, the Ministry of Finance said Tuesday night.
China is drafting rules over the transfers of previously non-tradable equities in state-owned listed enterprises after a shareholding revamp in domestic stock markets, state media reported yesterday.
China securities regulator Sunday unveiled management rules that give green lights to the establishment of representative offices of overseas stock exchanges in the country.
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