Rush of Chinese money on HK bourse brings tax windfall
Tax collected hit HK$400m a day in April from trading duties as daily turnover on bourse hits record HK$291.5b
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
APRIL was a good month for the Hong Kong taxman as a flood of Chinese money into the city's stocks almost tripled stamp duties on trading.
The taxman collected HK$400 million (S$68.7 million) a day in April from trading duties as daily turnover on Hong Kong Exchanges & Clearing Ltd's equity markets surged to a record HK$291.5 billion, according to calculations by Bloomberg.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
