China’s stamp tax revenue soars on robust capital market activities

BEIJING (XINHUA) – China’s stamp tax revenue surged in the first two months of 2021 amid active transactions in the country’s capital market, official data showed.

During the January-February period, stamp tax revenue soared 65.5 per cent year on year to CNY100.4 billion (about USD15.42 billion), according to the Ministry of Finance.

Specifically, stock trading stamp tax revenue rocketed 90.5 per cent from the same period a year ago to USD66.5 billion.

China’s fiscal revenue surged 18.7 per cent year-on-year to CNY4.18 trillion in the first two months, bouncing back from a 3.9 per cent decline registered last year, according to the ministry.