China to Slash Stock Trading Stamp Duty by 50% in Effort to Boost Sentiment

Chinese authorities are reportedly planning to cut the stamp duty on domestic stock trading by up to 50% in an effort to revive the struggling stock market. The proposed cut, which would be the first since 2008, comes as China's economic recovery falters and the property market faces challenges. The move is part of a series of measures aimed at supporting the stock market, including supporting share buybacks and encouraging long-term investment. However, analysts suggest that while a cut in stamp duty may boost trading activity and repair investor confidence in the short term, its long-term impact may be limited.