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Facilitating Market Development

35.   Last December, the Securities and Futures Commission (SFC) suspended the investor compensation levy in order to reduce transaction costs. In addition, I propose to reduce the levy on trading in securities, futures and options contracts by 20 per cent within this year.  These two measures will save nearly $300 million a year in market transaction costs.

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2005 © | Important notices Last revision date : 22 February, 2006