Can China's stamp duty cut on stock trades accelerate FII outflows from India? Experts weigh in
China reduced stamp duty on stock trading by 50 per cent in an effort to boost market sentiment and attract investors. China's economy has been struggling in the wake of the Covid-19 pandemic.
To boost the confidence of investors and provide a substantial impetus to overall market sentiment, China has implemented a significant measure by reducing the stamp duty on stock trading by fifty per cent, starting Monday. According to a Bloomberg report citing the Chinese Ministry of Finance, the levy charged on stock trades will fall from 0.1 per cent to 0.05 per cent as of August 28.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started