China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 39 of 2023, which provides for a reduction in the stamp duty rate on securities transactions. The brief announcement simply states that in order to invigorate the capital (stock) market and boost investor confidence, the stamp duty on securities transactions is halved starting from 28 August 2023, i.e., reduced from 0.1% to 0.05%. The reduction is essentially permanent with no end date provi…