China plans to cut stamp duty on stocks by up to 50% to revive confidence-sources

         Summary   Draft proposal submitted to cabinet earlier this month-sources Announcement of cut may come as soon as Friday-sources If finalised, stamp duty cut will be first such move since 2008 Analysts say a cut would be short-term boost to market sentiment  Chinese authorities are planning to cut stamp duty on […]
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China’s Country Garden seeks to delay onshore bond repayment, fanning market fears

Country Garden, China’s largest private developer, is seeking to delay payment on a private onshore bond for the first time, a source said, after suspending trading in 11 onshore bonds, sending its shares plunging to a record low on Monday. Reuters report. Anxiety spread through markets following the worrying news from Country Garden (2007.HK), putting Beijing […]
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Homeowners and renters at risk of eviction to receive free legal advice under new reforms

The government has unveiled the plan just days after statistics showed a record number of households and children are living in temporary accommodation in England. The new government-backed scheme launches today in England and Wales – and is aimed at those facing either eviction or repossession. The advice, which will be free of charge, will […]
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