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China's Stock Trading Stamp Tax Revenue Hit 47.8 Bn Yuan Last Year
China's stock trading stamp tax revenue hit RMB 47.8 billion last year, increasing RMB 23.3 billion or 95.2 percent from the previous year, Jin Renqing, head of the State Administration of Taxation, revealed the information Thursday on a press conference held by the Press Office of the State Council.
Related sources said with China's stock market getting bullish last year, stock trading volume increased sharply, resulting in the robust growth of stock trading stamp tax revenue.
Last year, the total number of listed companies on Shanghai and Shenzhen stock markets topped 1050; total stock market value for the first time accounted for over 50 percent of GDP; investors opened more than 56 million accounts.
Source: Panorama
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