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2023-08-28 04:02:05
After the announcement of new measures to support the crisis-hit Chinese markets the stock markets recover on Monday. The government in Beijing announced that it would halve the stamp duty on stock trading and take further measures to support the real estate market. “We believe these latest measures are in line with the July Politburo directive when the authorities pledged to revitalize China’s capital markets, but they do not represent a significant surge in policy support for reviving the real economy,” Nomura analysts wrote in a note.
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