The great plunge of the A-share market has caused greater demands for "policy remedy" to stop the downturn. Coverage by the Hong Kong-based Wenweipo newspaper said that?relevant mainland supervising department is currently scrutinizing related policies.
Currently, stocks are taxed on buyers and sellers and analysts predict that policy will change to only tax sellers of stocks. However, the timeframe for the new policy is still unavailable.
Other sources say that the A-share stamp tax lowering policy will be implemented soon, but the information has not been verified by the government.
For more details, please read the full story in Chinese (http://informationtimes.dayoo.com/html/2008-03/31/content_112413349.htm)
(China.org.cn March 31, 2008)
