Go down. According to the latest document No.26 issued by State Taxation Administration of The People's Republic of China, China on May 24, 2023, reducing stamp duty can promote the development of the futures market, reduce the transaction cost of investors, improve market liquidity, attract more investors to participate in the futures market, promote the development and prosperity of the market, improve market competitiveness, attract more domestic and foreign investors to participate in futures trading, and increase market activity.