China's stamp tax revenue up in first 10 months

File photo shows an exterior view of the Shanghai Stock Exchange at Pudong New Area in Shanghai, east China. 

Photo by Xinhua

China's stamp tax revenue rose 2.3 percent year on year to 388.9 billion yuan (about 54.7 billion U.S. dollars) in the first 10 months of this year, official data showed.

According to the Ministry of Finance, stock trading stamp tax revenue went down 3.7 percent from a year ago to 235.5 billion yuan during the period.

Data also showed that China's fiscal revenue amounted to approximately 17.34 trillion yuan.

The figure represents a drop of 4.5 percent from the same period last year. Excluding the impact of value-added tax credit refunds, fiscal revenue grew 5.1 percent from a year earlier.