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!!!