资本市场交易活跃度显著提升 7、8月证券业税收同比增长均超70%

Core Insights - Tax revenue in China has shown a steady increase in the first eight months of the year, with a year-on-year growth of 2%, and a significant rebound in July and August [1][2] - The active capital market has notably contributed to the tax revenue growth, particularly in the securities and insurance sectors, with securities tax revenue increasing by over 70% in both July and August [1][2] Tax Revenue Trends - The overall trend indicates a rising tax revenue growth rate throughout the year, with July and August showing a year-on-year increase of over 5% [1] - Major tax categories such as domestic value-added tax, domestic consumption tax, corporate income tax, and individual income tax have all maintained positive growth [1] Sector Performance - The manufacturing and financial sectors have experienced rapid tax revenue growth, with manufacturing accounting for over 30% of total tax revenue and showing an increase of over 5% [1] - High-end manufacturing sectors, including railway, shipbuilding, aerospace, and other transportation equipment manufacturing, have seen tax revenue growth exceeding 30% [1] Contributing Factors - Economic stability and improvement have been key drivers for tax revenue growth, supported by various policies from the central government [2] - The surge in capital market activity, highlighted by the Shanghai Composite Index surpassing 3,800 points and an average daily stock trading volume of 2.3 trillion yuan, has directly boosted tax revenues in related sectors [2] - Enhanced taxpayer compliance and awareness, driven by tax authorities' efforts in promoting lawful tax practices, have also contributed to the increase in tax revenue [2]