China raises stamp tax on stock trading

(Reuters)
Updated: 2007-05-30 10:09


An investor looks at the electronic board with a binocular at a stock exchange market in Shanghai May 29, 2007. China has raised stamp tax on securities trading has been raised from 0.1 percent to 0.3 percent beginning Wednesday, May 30, in an effort to cool the overheated stock market. [Reuters]


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