It is understood that most investors need to bear stock dividend tax and stamp duty when buying and selling stocks, while brokers need to bear membership fees, handling fees and insurance fund fees, which is a great cost pressure. If the stamp duty is reduced, it will undoubtedly reduce the transaction burden for brokers and investors and bring about a rise in the stock market.
However, whether the stamp duty reduction will be implemented has not been confirmed, but the China Securities Association is conducting a study on tax reduction and fee reduction in the capital market.