In its annual budget, Hong Kong's financial secretary, John Tsang, has proposed to extend the stamp duty concession on exchange-traded funds (ETFs) to promote "healthy growth" in the market. But this looks likely to affect less than 10% of ETFs.
On February 24, 2010, Tsang said he wanted to reinforce the Special Administrative Region's position as a financial centre and promote the asset management business. The first proposal on his list of measures was to extend the stamp duty concession on ET
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