A Short-Lived Boon

• 作者: RENWEI
• 来源期刊: 中国外经贸：英文版
• 学科: 经济
• 关键词: 中国 证券市场 投资基金 金融监管
• 年，卷（期）: 2005,（3）
• 页码范围: 53
• 页数: 1页
• 分类号: F832.5

摘要

On January 23, the Ministry of Finance announced it would slash taxes imposed on shares trading to 0.1 percent from 0.2 percent in an apparent move to encourage buying. To the amazement of the regulators, the rally on the news of the incentive was shortlived. The indexes climbed for only one day on January 24 and have since retreated, battered by fears of more new share sales that will drain out the market liquidity.