证券交易印花税减半征收两年 为投资者减负逾2500亿元

Core Viewpoint - The implementation of a 50% reduction in securities transaction stamp duty aims to activate the capital market and boost investor confidence, with an estimated cumulative reduction of over 250 billion yuan for investors over two years [1]. Group 1: Policy Impact - The reduction in securities transaction stamp duty has significantly enhanced investor confidence and improved market expectations, leading to increased efficiency in capital market resource allocation [1]. - The policy, along with other reforms such as lowering the minimum settlement reserve ratio for stock-related businesses and reducing transaction fees, has collectively driven higher market trading activity [2]. Group 2: Financial Data - From January to July 2023, the total stamp duty collected was 255.9 billion yuan, a year-on-year increase of 20.7%, with securities transaction stamp duty reaching 93.6 billion yuan, up 62.5% year-on-year [2]. - In July 2023 alone, the securities transaction stamp duty amounted to 15.1 billion yuan, reflecting a year-on-year growth of 125% and a month-on-month increase of 29% [2]. Group 3: Economic Context - The significant growth in securities transaction stamp duty indicates a marked increase in trading activity, reflecting the ongoing improvement in China's economy [3]. - The reduction in stamp duty is expected to further enhance its impact as trading volumes and frequencies increase, suggesting a continued rapid growth trajectory for the stamp duty [3].