Source: CCTV.com

03-05-2009 14:21

Special Report:   2009 NPC & CPPCC Sessions

China has room to reduce its stamp tax on share trading, if necessary. China Securities Regulatory Commission head Shang Fulin believes there is room for a further cut.

China has room to reduce its stamp tax on share trading,  if necessary.

However, Shang said at the ongoing NPC session that he's confident about the development of the stock market this year and has not heard talk of any further stamp tax cuts.

China lowered the stamp duty to 0.1 percent from 0.3 percent last April, and exempted share purchases from the tax in September.

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Editor:Xiong Qu