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CHINA'S GOVT HALVES TAX ON DIVIDENDS, AIMS TO BOOST STOCKS.

Publication: AsiaPulse News
Publication Date: 14-JUN-05 		Format: Online - approximately 604 words
Delivery: Immediate Online Access

Article Excerpt
BEIJING, June 14 Asia Pulse - China has temporarily halved income tax on dividends earned by individual investors, the Ministry of Finance announced yesterday, in a joint effort with other government departments to add life to the stock market.

The benchmark Shanghai Composite Index opened 2.32 points lower yesterday (Monday) than the previous close on Friday, dipping 2 more per cent in the morning.

The shares rebounded after the tax reduction news was announced just before the noon trading close, and finally ended 0.18 per cent down.

The ministry...

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