Su, Yongyang; Zheng, Lan - In: Emerging Markets Finance and Trade 47 (2011) 1, pp. 32-46
This paper analyzes the impact of changes in the securities transaction tax (STT) rate on the local A-share market in … volume in the Chinese A-share market. Both increases and reductions in the STT rate result in significant increases in market … on trading is not an effective tool to regulate the stock market, at least not in this emerging market. …