Hong Kong to lower stamp duty on stock transfer

STORY: Hong Kong to lower stamp duty on stock transfer DATELINE: Oct. 26, 2023 LENGTH: 00:01:24 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of speech scene 2. various of Hong Kong-related footage STORYLINE: China's Hong Kong Special Administrative Region (HKSAR) will reduce stamp duty on stock transfer as part of efforts to bolster the stock market, HKSAR Chief Executive John Lee said Wednesday. The stamp duty will be cut from the current 0.13 percent to 0.1 percent of the consideration or value of each transaction payable by buyers and sellers, respectively, he said. The target is to complete legislative procedures by the end of November, he added. He also proposed other measures to strengthen the competitiveness of the stock market, including reducing market data fees and exploring cutting trading spreads. The HKSAR is also planning to reform the growth enterprise market, Lee said, adding that the Hong Kong Exchanges and Clearing Limited (HKEX) has proposed to streamlin

UFJ starts charging fees for ATM use on Saturdays

UFJ starts charging fees for ATM use on Saturdays

TOKYO, Japan - As the first such move by a major Japanese bank, UFJ Bank on Dec. 7 bigins charging 105 yen as fees for each transaction at its automated teller machines all day Saturdays. The bank already charges ATM usage fees on Sundays and national holidays. Until now, ATM transactions between 8:45 a.m. and 2 p.m. Saturdays were free.

BOJ to launch real-time settlement system Jan. 4

BOJ to launch real-time settlement system Jan. 4

TOKYO, Japan - Kenzo Yamamoto, a counsellor of the Bank of Japan's (BOJ) Financial and Payment System Office, announces at the central bank's head office in Tokyo on Jan. 2 that it will launch a computerized real-time settlement system for the debts banks owe each other on Jan. 4 as planned. The announcement followed final checkups of the Real-Time Gross Settlement (RTGS) system that will apply to the so-called BOJ net, the bank transaction system concerning bond deals and day-to-day banking operations.

UFJ starts charging fees for ATM use on Saturdays

UFJ starts charging fees for ATM use on Saturdays

TOKYO, Japan - As the first such move by a major Japanese bank, UFJ Bank on Dec. 7 bigins charging 105 yen as fees for each transaction at its automated teller machines all day Saturdays. The bank already charges ATM usage fees on Sundays and national holidays. Until now, ATM transactions between 8:45 a.m. and 2 p.m. Saturdays were free. (Kyodo)

BOJ to launch real-time settlement system Jan. 4

BOJ to launch real-time settlement system Jan. 4

TOKYO, Japan - Kenzo Yamamoto, a counsellor of the Bank of Japan's (BOJ) Financial and Payment System Office, announces at the central bank's head office in Tokyo on Jan. 2 that it will launch a computerized real-time settlement system for the debts banks owe each other on Jan. 4 as planned. The announcement followed final checkups of the Real-Time Gross Settlement (RTGS) system that will apply to the so-called BOJ net, the bank transaction system concerning bond deals and day-to-day banking operations.