Stamp duty on stock market continued to slump down rumors of renewed.

In the Shanghai Composite Index fell again yesterday, after rumors of renewed adjustment of stamp duty. .Some people called for the industry so as to reduce stamp duty on stock transactions and restore investor confidence. .According to http:// hearing yesterday, the Shanghai index fell 151.15 points to close at 3668.90 points, from 16 October 2007 Shanghai index points since the peak in 6124, the market index has more than 40% decrease. .Market rumors yesterday, reducing the stamp duty has been issued through the program, is waiting for the right time to announce. .There are rumors, probably in April or so will be announced. .These messages are true, authorities need further confirmation. .But the voice of the market adjustment on the stamp duty, at this time high, the market does have its basis and practical needs. .From Guoxin Securities, Ping An Securities, joint stock and securities of more than researchers in Dongguan yesterday to accept the "Business News" interview, a big rebound need trigger point, the stamp duty reduction highly anticipated favorable policies for investors. .Yesterday, the head of the People's Bank of China, "Financial Times" also commented that China should cut stamp duty on stock transactions to help reduce transaction costs and boost investor confidence. .May 30 last year, the Treasury securities stamp duty rate from 1%. .Adjusted to 3%. .. .That year, total stamp duty collected 200.5 billion yuan for the previous year to 11.4 times more than the A-share listed company's total dividend. .Many analysts believe that over 200 billion yuan of tax revenue has been on the market of "blood" of the consequences. .A session in 2008 adopted by the central and local budgets in 2008, 194.5 billion yuan revenue from stamp duty will be arranged, with the same budgets flat. .This year the market has been inferred that stamp duty will not be adjusted, but the National Tax Administration of persons interviewed said that can not be so speculative. .Jia Kang, director of Finance Division of the Ministry of Finance in an interview, also said that 194.5 billion yuan in stamp duty revenue arrangements are estimated figures are not adjusted by virtue of that stamp duty is only speculation. .Minister of Finance Xie at a press conference during the two sessions has said that the relevant comments have been noted, this will be carefully studied. .Central University of Finance and Securities and Futures Institute, told reporters yesterday, He Qiang said it had to reduce the stamp duty due to lower transaction costs and enhance investor confidence in the time, so as to create conditions for the market warming. .As a member of the CPPCC National Committee, He Qiang had submitted a proposal in two sessions, the proposed unilateral imposition of stamp duty. .China University of Politics and Economic Research Center, told reporters yesterday, Professor Liu Jipeng, said the stamp duty last year in the form of adjustment or whether the reduction was questionable, although the departments goal is to quickly become a Man Niu Niu, but three thousandths .stamp duty rate is too high. .Liu Jipeng proposal should reduce the stamp duty as soon as possible, to return to last year's "5.30" before level. .He said that is difficult to say whether the reduction of stamp duty can play an immediate effect, but at least the confidence will be restored..