China's State Administration of Taxation has published Circular 50/2018 on the stamp duty reduction/exemption recently announced as a part of series of measures to support SMEs and innovation ({News-2018-04-30/A/2-previous coverage}). The Circular includes that effective 1 May 2018, the stamp duty on capital account books is halved from the normal 0.05% duty to 0.025%, and other account books normally subject to a CNY 5 stamp duty per account are exempted.