Approved by the State Council,UGG boots cheap, Ministry of Finance, State Administration of Taxation has decided that from April 24, 2008, the adjustment of the securities (stocks) the stamp duty rate, adjusted per thousand from the current one-thousandth. That the sale, inheritance, books donated by the A shares, B shares of the equity transfer of data, respectively, by the legislature, according to the parties by one-thousandth of the stamp duty on securities transactions tax rate.
for this decision, the market cheering, after all, that the Government has introduced a rescue rules. That is, when rapid increases in domestic stock market, foam everywhere, the government stamp duty on stock trading by improving the way to squeeze the stock market bubble, and now the severe stock market downturn, the Government also by reducing stamp duty on stock transactions the way to restore investor confidence, to rebuild the Chinese stock market.
But in fact, the reduction in stamp duty on stock market is not a bailout, because not only the level of the stock index is not the Government to pay attention to things,bailey UGG boots, and if the government To rescue the market, how it should save City, where the bottom of the market, the scale of the number of government bailout, in the course of their rescue, their interest is how to deal with so many issues that can not be solved. So Government can not save the market, do not need rescue. on the stock market, the Government should do is how to develop fair and equitable system of stock market rules, to establish an effective market order, and to ensure that investors in a fair and impartial system of trading platform. Therefore, the Government should not only review the existing system of rules, change and improve, but also the rules for the system is not complete, realistic changes in the market constantly to modify and improve the rules for these systems.
Therefore,UGGs, reduction in stamp duty is not a stock market index fell lower and the government backed bailout, but the stock market system is incomplete, imperfect market can not lead to healthy development. stock market index stumble endlessly but the current system of securities market rules do not reasonable result of imperfect, not the government change the rules because the existing system. Therefore, if our existing stock trading stamp duty rate is unreasonable, irrational and reduce market transaction costs, then the adjustment of stamp duty on stock trading that is inevitable. the stock market drop stamp duty is not understood as the result of the government bailout.
, a stock trading stamp duty does not reduce the importance of tax reduction in its size, and that stock trading stamp duty rate the extent of impact on the stock market, but rather the government to the market sent a clear signal for the current development of the stock market, the current government is closely following the rules of the stock market irrationality of the system, while also through a variety of different ways to adjust and amend this anomaly. if so, the domestic rules of the stock market can continue to improve the system, then the market will be built up the confidence of investors, the stock market will also continue towards the healthy direction. For example, the SFC issued a few days before the So in recent months, there will be such a serious readjustment, which of course are out of the stock market bubble bubble elements is too large, but more important reason is that China's stock market system there is a series of defects. such as the Government controls on some listed companies. The Government of listed companies on oil and electricity price controls, making the oil, petrochemical, power and other listed companies in China operate in a severe loss. If the absolute proportion of listed companies as a share of listed companies because of government control heavy losses, then the share price of these companies do not stumble endlessly. In this case, not only will seriously affect investor confidence in these listed companies, listed companies will increase the range of policy uncertainty. In this cases, the listed companies stock prices will naturally fall, the absolute proportion of listed companies fell naturally be a serious drag on the stock market index. the current stock market situation is, as long as the price of two unstable and oil stocks fell, then to build the confidence of the stock market It is impossible.
Also, the domestic rules of the refinancing of listed companies, a market pricing mechanism, market related party transactions and insider trading and so there is a serious problem. Therefore, in the present circumstances, not the government should introduce What the stock market bailout rescue or not the policy, but the government should clean up and improve the overall domestic stock market rules unreasonable system, to reduce government intervention in market prices of our products, the only way to rebuild investor confidence. if investors can not build confidence in the Chinese stock market to be able to be sustained and healthy development? It is this sense that the lower stamp duty rules is to revise and improve these systems as part of or start. I believe the Government will continue to review, modify and improve the existing system of rules of the stock market,Discount UGG boots, the stock market in order to establish an effective market order. This is a government responsibility.
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