ASIFMA in the News: Lyndon Chao quoted in 21st Century Business Herald article “Stamp Duty Debate on Stocks in Hong Kong: Increase Fiscal Revenue or Reduce Transaction Costs?”

The 21st Century Business Herald article, which discusses the stamp duty on stock transactions, quotes Lyndon Chao, director of the Securities Department of the Asian Securities Industry and Financial Market Association.

 

from the article –

“Lyndon Chao, director of the Securities Department of the Asian Securities Industry and Financial Market Association, told the 21st Century Business Herald reporter that the Hong Kong SAR government is currently facing greater financial pressure, and if the stamp duty on stock transactions is canceled rashly, it will have a greater impact on the SAR government’s revenue; Cancellation, the SAR government is more likely to adjust the stamp duty.”

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