China dismisses rumours of capital gains tax on stocks
News boost share market
A media blitz aimed at quelling fears that the
Beijing government planned to
implement a capital gains tax on stocks has led to an improved performance on
the stock market.
The government’s campaign to end all rumours about the tax helped the
Index closed 3% up at 3,890.8.
The number of new share accounts being opened in China’s frenetic stock
market fell sharply last week after the tax on share purchases was increased to