China to cut dividend taxes for long-term shareholders | Reuters
Full tax payment will probably be required pertaining to shareholders that maintain shares at a new lower price when in contrast for you to a month, the particular finance ministry stated in the statement on its website.
Moves associated with 7 percent from your previous close would trigger the trade suspension for the remaining part regarding the day.
The exchanges tend to be seeking comment via marketplace participants about the proposals just before Sept. Exactly why should they (even) come using an equity market? This policy-making type is actually pushing China backwards to some planned economy."
Other market participants expressed doubts that will volatility might