(The Hong Kong Free Press)
Hong Kong’s legislators probed Hong Kong Financial Chief Paul Chan on Thursday at the Legislative Council (LegCo) over the budget he delivered on Wednesday. Chan was questioned over the stamp duty increase, as well as questioned over support measures for unemployed people.
Following the announcement that Hong Kong’s stock stamp duty will increase from 0.1 per cent to 0.13 per cent, some lawmakers voiced concerns over the potential damage done to Hong Kong’s reputation as a financial centre.
