Cointime

Download App
iOS & Android

Ministry of Finance: Stamp Duty Revenue Reaches 412.1 Billion Yuan in First Three Quarters, Up 31.1% Year-on-Year

The Ministry of Finance reported that stamp duty revenue in the first three quarters reached 412.1 billion yuan, marking a year-on-year increase of 31.1%. Among this, the stamp duty from securities transactions amounted to 239.1 billion yuan, reflecting a year-on-year growth of 65.1%. (Ministry of Finance)

Comments

All Comments

Recommended for you

  • Kimchi Price Surge Followed by 95% Crash in $385,000 Scam Profits

    On October 23, Lookonchain reported that a certain address, kimchi (@kimchi1x), received 500 million $kimchi tokens and posted related content. User @a1lon9 had retweeted it but later deleted the post, and @kimchi1x also removed the original post. The price of $kimchi surged to a market cap of $14 million before crashing over 95%. Lookonchain pointed out that the scammers used multiple wallets to buy low and then sell, making profits exceeding $385,000.
  • Bridgewater Adjusts China Investment Strategy: Reduces Gold Allocation

    On October 23, Bridgewater's China business unit informed investors that the institution's bullish stance on gold has decreased. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight gold positions. The reason is that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. (Jin Shi)
  • National Fiscal Revenue Grows 5.1% Year-on-Year in First Three Quarters

    On October 23, the Ministry of Finance released data indicating that fiscal revenue serves as a 'barometer' for economic performance. In the first three quarters of this year, fiscal revenue showed steady growth, with the national general public budget revenue reaching approximately 17.23 trillion yuan, a year-on-year increase of 5.1%, which is 0.4 percentage points higher than the growth rate in the first half of the year. Among this, national tax revenue was about 14.07 trillion yuan, marking a year-on-year increase of 6.1%, an increase of 0.8 percentage points compared to the first half of the year. In terms of fiscal expenditure, the general public budget expenditure for the first three quarters was approximately 21.02 trillion yuan, a year-on-year increase of 1%, with good support for spending related to human investment. (Xinhua News Agency)
  • Crypto Trader Serenity Reports $13.59 Million Drawdown in October

    On October 23, crypto trader 'White-haired Stock God' Serenity posted an update on their personal position drawdown on platform X, stating, 'October has seen some minor fluctuations.' In the spirit of transparency, they shared the account drawdown data, which shows a drawdown of $13,589,443.2 in October, approximately $13.59 million.
  • Netanyahu Asks Party to Cancel Election Activities in Hebron, West Bank

    According to Israeli media, Prime Minister Netanyahu has requested his party to cancel election activities in Hebron, southern West Bank, following a shooting incident in the area.
  • Yushu Technology Surges Over 16% in a Day, Stock Price Exceeds 600 Yuan

    On October 23, Yushu Technology rose over 16% in a single day, with its stock price surpassing the 600 yuan mark, accumulating a rise of over 40% this week. (Jinshi)
  • U.S. Tech Hardware Stocks Face Sell-Off, Philadelphia Semiconductor Index Plummets 5.7%

    On October 22, U.S. semiconductor stocks collectively declined, with the Philadelphia Semiconductor Index dropping 5.67%, marking a new low since July 29. Among the component stocks, AMD fell 7.21%, Intel dropped 6.57%, Applied Materials decreased by 6.57%, Arm fell 6.75%, Seagate Technology dropped 7.81%, and Western Digital decreased by 6.95%. Micron Technology fell 4.29%, NVIDIA dropped 3.93%, TSMC decreased by 3.97%, Broadcom fell 3.79%, and ASML dropped 4.83%. Various sub-sectors, including memory and semiconductor equipment, as well as chip design, faced simultaneous pressure. Additionally, Lam Research fell 9.78%, Lumentum dropped 9.24%, Coherent decreased by 11.81%, and the 3x Long Semiconductor ETF fell 17.09%.
  • Spot Gold Falls Below $4,050/Ounce for the First Time Since August 4

    Spot gold has fallen below $4,050 per ounce for the first time since August 4, with a daily decline of 2.19%.
  • Nasdaq Opens Down 1.55%, Meta Falls Over 4%

    U.S. stock indices opened lower, with the Dow Jones down 0.44%, the S&P 500 down 0.91%, and the Nasdaq Composite down 1.55%. Chip equipment manufacturer Lam Research provided a disappointing earnings outlook, causing its stock to open down over 9%. Following a reduction in spending plans, Tesla's stock fell by 2.8%. Meta dropped over 4%, with the company's future spending commitments totaling $825 billion. IBM also fell over 4%, reporting third-quarter revenue of $17.1 billion, a 4.7% year-over-year increase.
  • DeepSeek Raises Financing Target from 50 Billion to 100 Billion Yuan, Potentially Paving the Way for Sci-Tech Board IPO

    On October 22, market sources reported that domestic large model company DeepSeek plans to raise approximately 100 billion yuan (about 15 billion USD) in its latest financing round. Tencent and CATL are the largest investors in this round, with the transaction expected to be officially completed in the coming days. As of now, neither DeepSeek nor the related investors, including Tencent, have publicly responded. Journalists have cross-verified the information with multiple sources close to the company and investors, confirming its accuracy. Sources revealed that the initial fundraising target was set at 50 billion yuan, which has since been raised multiple times to approximately 100 billion yuan, although it has not been officially announced and the final amount is still not fully determined. The funds will continue to be used for model training, computing power construction, and talent recruitment to support DeepSeek's participation in global competition. Some sources also speculate that this round of financing will pave the way for the company's upcoming IPO on the Sci-Tech Board. (Shanghai Securities Journal)