Hong Kong’s government increased its stamp duty on equity transactions on the city’s stock exchange for the first time in almost three decades to fund a widening budget deficit, just as the world’s most valuable exchange operator reported its third record year of profits.Financial Secretary Paul Chan Mo-po announced the increase in stamp duty by 3 basis points, or an increase of 30 per cent from the current fee structure, the first increase since 1993, in his budget speech on Wednesday. The…


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