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
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.
