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

BEIJING -- 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 Jan-Feb period, stamp tax revenue soared 65.5 percent year-on-year to 100.4 billion yuan (about $15.42 billion), according to the Ministry of Finance.

Specifically, stock trading stamp tax revenue rocketed 90.5 percent from the same period a year ago to 66.5 billion yuan.

China's fiscal revenue surged 18.7 percent year on year to 4.18 trillion yuan in the first two months, bouncing back from a 3.9-percent decline registered last year, according to the ministry.