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China Watchdog Asks Brokers for Advice on Boosting Stocks

  • Brokers proposed stamp duty cut in talks with market regulator
  • China is seeking to restore confidence in struggling markets
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China’s markets regulator has consulted securities firms for possible measures to boost stocks amid growing signs Beijing is seeking to restore investor confidence, people familiar with the matter said.

The China Securities Regulatory Commission convened a meeting this week with select brokerages to solicit their feedback, the people said, asking not to be named discussing a private matter. Among measures proposed by brokerages were a possible cut in the stamp duty on stocks trading and a slowdown in initial public offerings to help liquidity, the people said.