New stamp duty scare off HSI A shares

Rumour that new stamp duty will be imposed on stocks purchases sent A shares down both at HSI and Shanghai stock exchange.  We managed to sold 0635 彩星集團 at HKD 9.40.  We existed the counter and with additional 20% gain on exchange.

We see this bull market in China will maintain sometimes but our strategy is to continue sell on high price.

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