China collected $32.3B of stamp duty on stock sales between January and August, up 80%+ YoY, as average daily trading value rose 72%, amid an AI trading frenzy (Zhang Shidong/South China Morning Post)

Zhang Shidong / South China Morning Post: China collected $32.3B of stamp duty on stock sales between January and August, up 80%+ YoY, as average daily trading value rose 72%, amid an AI trading frenzy — China's revenue from stamp duty on stock sales jumped more than 80 per cent in the first eight months this year as improved sentiment bolstered trading activities.