Stocks News
- Stamp duty income on stock trade surges
Date: 26-Jan-2007 Sources: (Shenzhen Daily)
THE stamp duty income from securities trading totaled 17.95 billion yuan (US$2.31 billion) last year, 2.66 times that of 2005, Xinhua reported late Wednesday, citing government data.
The rapid growth in stamp duty income came along with a sharp increase in trading volume on the stock market last year, the report cited Xie Xuren, director of the State Administration of Taxation, as saying. The benchmark Shanghai Composite Index, which trades both A and B shares, surged 1.3 times throughout 2006 on flush liquidity after being sluggish for years.
Sponsor Results:
