Effect Of Adjustment On Stamp Duty Of The Chinese Stock Market And System Improvement

The proportion of the transaction cost against the capital market value-added decides the efficiency of the capital market. In fact, the transaction cost is the rules and standards of competition that is forever the soul and driving power of the market. These most basic concepts motivated the writer to choose stock transaction cost related issues as his PhD research subject.The dissertation consists of 7 chapters that are summarized as below:Introduction (Chapter 1) Writer mentions in this Chapter that this thesis is based on his observation and understanding of the situation of current high stock trading cost in China. This Chapter also includes the writer's findings that China securities regulatory agencies have already posed many special functions on the frequently adjusted stock trading cost. However, different people have different views over this issue. The writer thinks that in order to clarify the biased understanding, a complete set of data obtained...