The link is in Chinese...
http://finance.ce.cn/macro/gdxw/200712/28/t20071228_12771487.shtml
Below is a brief summary:
- 2007 levy/stamp cost: 200B RMB
- 2007 stock broker commission: 100B RMB
- 2007 1H total earnings of all listed stocks: 264.6B RMB
So cost of transactions alone is around 60% of total earnings!!!
http://finance.ce.cn/macro/gdxw/200712/28/t20071228_12771487.shtml
Below is a brief summary:
- 2007 levy/stamp cost: 200B RMB
- 2007 stock broker commission: 100B RMB
- 2007 1H total earnings of all listed stocks: 264.6B RMB
So cost of transactions alone is around 60% of total earnings!!!