August 13 News: Hong Kong Chief Executive Li Jiachao will issue a new Policy Address on October 25, which is currently undergoing public consultation.。Hong Kong Securities and Futures Professional Association responds to request for revocation of stock stamp duty。It is reported that on August 1, 2021, Hong Kong, China raised the stamp duty rate on shares to 0..13%, compared with the previous buyer and seller according to the transaction amount each pay 0..1% increased by 30%。The Hong Kong Securities and Futures Professional Association pointed out that according to HKEx data, the average daily turnover of Hong Kong stocks in the year before tax was about HK $164.6 billion.。However, in the first year after tax, the average daily turnover fell by 18 per cent to approximately HK $134.9 billion.。The subsequent second year fell again by 17% to about HK $112.6 billion.。During the period, although the number of listed companies in Hong Kong has increased, it has not helped to increase transactions.。Clearly, the increase in stamp duty on shares has had a negative impact on market turnover。