前10个月证券交易印花税增长88%——资本市场回稳拉动相关税收增长

Core Insights - The significant growth in securities transaction stamp duty reflects a revitalization of investor confidence and market participation, with a 29.5% increase in total stamp duty revenue to 378.1 billion yuan and an 88.1% increase in securities transaction stamp duty to 162.9 billion yuan in the first ten months of the year [1] - The A-share market has shown a positive trend with a total trading volume of 338.6 trillion yuan, marking an 87.7% year-on-year increase, which aligns closely with the growth rate of securities transaction stamp duty [1] - The increase in market activity is also evidenced by a 10.6% rise in new A-share accounts, totaling 22.4588 million, and a 35% increase in margin financing balance, nearing 2.5 trillion yuan [1] Group 1 - The growth in securities transaction stamp duty is attributed to a surge in trading volume, which is directly linked to the A-share market's performance [1] - The improvement in market conditions is supported by a series of financial policies aimed at stabilizing the market and expectations, including coordinated efforts from various financial regulatory bodies [2] - The influx of medium to long-term capital has significantly contributed to market stability, with a 32% increase in the market value held by such funds compared to the end of the 13th Five-Year Plan [2] Group 2 - The macroeconomic environment has shown steady improvement, with listed companies reporting a total revenue of 53.46 trillion yuan and a net profit of 4.7 trillion yuan, reflecting year-on-year growth of 1.36% and 5.5% respectively [2] - The technology sector has gained prominence, with the total market value of the electronics industry surpassing that of the banking sector, accounting for 12.42% of the total market value [2] - The capital market's activity has led to a notable increase in personal income tax, which rose by 27.3% in October, driven by the wealth effect from the active capital market [3]