Does halving stamp duty on securities include futures?

Half stamp duty on securities does not include futures. According to the announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China, since August 28th, 2023, the stamp duty on securities transactions will be halved. However, because futures trading is different from securities trading, futures trading is based on the price of the subject matter, while securities trading is based on the company's stocks or bonds, so the securities stamp duty is halved, excluding futures.

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