This is what happens when Beijing decides to eliminate stamp duty:
The selected stock is the infamous Anhui Conch Cement Company. The rest are as follows:
000001.SS – Shanghai Composite Index
000952.SZ – Hubei Guangji Pharmaceutical
601398.SZ – Industrial and Commercial Bank of China
600029.SS – China Southern Airlines
I’ll hazard a guess that Monday’s performance won’t be quite so impressive.
