Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary_老虎社区_美港股上老虎

Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary

cnbc2021-02-26

KEY POINTS Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday. Chan said...

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Rep
·2021-03-01
like and comment pls
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RanzMun
·2021-03-01
yeah
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w8w8
·2021-03-01
If I buy Fr sg, do I still incur the hk tax?
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2
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LEEQF
·2021-03-01
Probably hurt the lower bracket of HK ppl that doesn’t have enough money to invest in the stock market though.
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3
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xhxhxh
·2021-03-01
Hello
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收起
- xhxhxh:
  test
  2021-03-01
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- xhxhxh:
  test
  2021-03-01
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- LEEQF:
  HI! Long live and prosper!
  2021-03-01
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查看更多 2 条评论
no_minister
·2021-03-01
Poor
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1
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Redevilz
·2021-03-01
Interesting
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1
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LeroyZhang
·2021-03-01
Let’s go!
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- LeroyZhang:
  Haha
  2021-03-01
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carceng
·2021-03-01
Give a like and comment please
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2
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Bliang
·2021-03-01
Good
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3
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AzuNyaa
·2021-03-01
With the geopolitical risk with China. HK market risk will be inflated
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2
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AbahAqo
·2021-03-01
Nice
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Shifeng
·2021-03-01
Agreed.
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dahae
·2021-03-01
why was stock market reaction so big
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ALT
·2021-03-01
Please comment and like, thanks
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- Raz:
  Nice
  2021-03-01
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- melts:
  increase costs of trading
  2021-03-02
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SNOOKER76
·2021-03-01
Ok
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AhBun
·2021-03-01
👍🏻
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2
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JaydenOh
·2021-03-01
Wow
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Wgey
·2021-03-01
It may not affect in the long run
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Segaboy
·2021-03-01
Like and comment pls thanks
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That includes allowing listings of dual-class shares and attracting U.S.-listed Chinese companies to seek a secondary listing in Hong Kong, he said.\nHong Kong in 2020 was one of the top markets for listings globally as Chinese firms such as e-commerce giant JD.com and gaming company NetEase raised funds through secondary listings.\nIn total, the city’s stock exchange saw 132 initial public offerings worth $32.1 billion, and 199 further offerings worth $62.9 billion last year, according to data compiled by consultancy PwC.\nWith such “robust” capital markets activity, raising the trading stamp duty may offer Hong Kong “a quick solution” to increase its tax revenue in the short term, said Stanley Ho, a partner for corporate tax advisory at consultancy KPMG China.\n“However, it is also important for Hong Kong’s capital markets to stay competitive with global financial markets, many of which are trending towards reducing or removing such duties,” Ho said in a statement after Chan’s budget speech.\nChan said he remains confident of Hong Kong’s prospects as an international financial center.\nHe explained that the government is working on promoting Hong Kong as a center for sustainable and green finance, developing further the city’s fixed income markets and encouraging more activity in the asset and wealth management sectors.\nOn the stock market sell-off after his announcement of the trading tax hike, Chan said Hong Kong wasn’t the only one experiencing a “downward adjustment” following a previous run-up.\n“So, I would not be bothered by temporary fluctuations in the market. What we believe is we continue to work hard to enhance the offering of our market to further enhance the competitiveness and attractiveness of the Hong Kong market,” he said.\n“We will continue to attract inflow of international capital.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":362051909,"gmtCreate":1614577353601,"gmtModify":1703478398617,"author":{"id":"3577098730883031","authorId":"3577098730883031","name":"Rep","avatar":"https://static.tigerbbs.com/cf351a16e42cac6e65eda38d814f81ec","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"like and comment pls","listText":"like and comment pls","text":"like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362051909","repostId":1181374212,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":362082459,"gmtCreate":1614574203271,"gmtModify":1703478363507,"author":{"id":"3564632017613065","authorId":"3564632017613065","name":"RanzMun","avatar":"https://static.tigerbbs.com/ab789f3aa7d832d555f2c63115321779","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"yeah","listText":"yeah","text":"yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362082459","repostId":1181374212,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":362018409,"gmtCreate":1614572889901,"gmtModify":1703478346187,"author":{"id":"3575859183800572","authorId":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"If I buy Fr sg, do I still incur the hk tax?&nbsp;","listText":"If I buy Fr sg, do I still incur the hk tax?&nbsp;","text":"If I buy Fr sg, do I still incur the hk tax?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362018409","repostId":1181374212,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":362001132,"gmtCreate":1614569375726,"gmtModify":1703478299862,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Probably hurt the lower bracket of HK ppl that doesn’t have enough money to invest in the stock market though.","listText":"Probably hurt the lower bracket of HK ppl that doesn’t have enough money to invest in the stock market though.","text":"Probably hurt the lower bracket of HK ppl that doesn’t have enough money to invest in the stock market though.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/362001132","repostId":1181374212,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":366773764,"gmtCreate":1614568489058,"gmtModify":1703478286142,"author":{"id":"3556109639612605","authorId":"3556109639612605","name":"xhxhxh","avatar":"https://static.tigerbbs.com/eea9be18e065f350196947c8e7ee73df","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/366773764","repostId":1181374212,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3685823,"gmtCreate":1614568534270,"gmtModify":1635760088127,"authorId":3556109639612605,"author":{"id":3556109639612605,"authorId":3556109639612605,"name":"xhxhxh","avatar":"https://static.tigerbbs.com/eea9be18e065f350196947c8e7ee73df","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366773764,"type":1,"supId":0,"prevId":0,"content":"<u>test</u>","text":"<u>test</u>","html":"<u>test</u>"},{"id":3685827,"gmtCreate":1614568559886,"gmtModify":1635760087797,"authorId":3556109639612605,"author":{"id":3556109639612605,"authorId":3556109639612605,"name":"xhxhxh","avatar":"https://static.tigerbbs.com/eea9be18e065f350196947c8e7ee73df","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366773764,"type":1,"supId":0,"prevId":0,"content":"test","text":"test","html":"test"},{"id":3685917,"gmtCreate":1614569392406,"gmtModify":1635760082664,"authorId":3572235673675008,"author":{"id":3572235673675008,"authorId":3572235673675008,"name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366773764,"type":1,"supId":0,"prevId":0,"content":"HI! Long live and prosper! ","text":"HI! Long live and prosper! ","html":"HI! Long live and prosper! 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