Investors look over in front of an electronic board showing stock information at a brokerage house in Beijing, April 24, 2008. Equities trading tax cut, which is widely believed as policy boost by government to stem the recent slump, sends Chinese shares 9.29 percent higher on Thursday, the biggest gain since Oct 23, 2001.(Xinhua Photo)
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Investors look over information at a stock exchange at a stock trading hall in Beijing, April 24, 2008. Equities trading tax cut, which is widely believed as policy boost by government to stem the recent slump, sends Chinese shares 9.29 percent higher on Thursday, the biggest gain since Oct 23, 2001.(Xinhua Photo)
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Chinese shares open sharply higher on trading tax cut

    BEIJING, April 24 (Xinhua) -- Chinese shares opened nearly 8 percent higher on Thursday morning, boosted by an overnight stock trading tax cut.

    The benchmark Shanghai Composite Index opened 261.54 points, or7.98 percent higher at 3539.87 points on Thursday.  Full story

China cuts stock stamp tax to 0.1% to support market

    BEIJING, April 23 (Xinhua) -- The Chinese government on Wednesday announced it is to cut the share trading stamp tax from 0.3 percent to 0.1 percent from April 24 in an effort to boost the equities market, which has fallen 46 percent from its record high on Oct. 16.

    Experts expected the long-expected concrete support measure to give a strong boost to weak investor sentiment, following heavy sell-offs this year. Full story