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Why It Matters
Zhang Shidong / South China Morning Post : China collected $32.3B of stamp duty on stock sales between January and August, up 80%+ YoY, as average daily trading value rose 72%, amid an AI trading frenzy — China's revenue from stamp duty on stock sales jumped more than 80 per cent in the first eight months this year as improved sentiment bolstered trading activities.
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Discovered via TechMeme and published by techmeme.com.
Original description
Zhang Shidong / South China Morning Post : China collected $32.3B of stamp duty on stock sales between January and August, up 80%+ YoY, as average daily trading value rose 72%, amid an AI trading frenzy — China's revenue from stamp duty on stock sales jumped more than 80 per cent in the first eight months this year as improved sentiment bolstered trading activities.
Discovered via TechMeme
Headline clustering and publisher rollups from Techmeme.
Publisher: techmeme.com
ID: https://www.techmeme.com/260921/p6#a260921p6 · Indexed about 1 hour ago