Stamp duty China impacts 1991-2005

Yes, I know I'm on a hiatus, but that doesn't mean I can't take a minute out to re-print something useful I received in the e-mail from someone who would rather not be named.

• Oct. 1991 - The Stamp Duty was cut from 0.6% to 0.3% - SHCOM (market index) gained 20.7% in the following month;
  
  
• May. 1997 - The Stamp Duty was raised from 0.3% to 0.5% - SHCOMP lost over 30% in the following month;
  
  
• Jun. 1998 - The Stamp Duty was cut from 0.5% to 0.4% - SHCOMP gained 2.65% on the day of the announcement;
  
  
• Jun. 1999 - The Stamp Duty on B-share was cut from 0.4% to 0.3% - SHSE B Index gained over 50% in the following month;
  
  
• Nov. 2001 - The Stamp Duty was cut to 0.2% for the whole mkt - SHCOMP gained over 1% in the following mth.
  
  
• Jan 05 - The Stamp Duty was cut from 0.2%-0.1% - SHCOMP gained 4.3% in the following mth.

Hope all is well.

Y