Chinese banks’ H-shares trade higher on expectation of dividend income tax exemption for mainland investors
COMPANY NEWS POLICY & REGULATION STOCKS TOP
Chinese banks’ H-shares trade higher on expectation of dividend income tax exemption for mainland investors
COMPANY NEWS POLICY & REGULATION STOCKS TOP

Chinese banks’ H-shares trade higher on expectation of dividend income tax exemption for mainland investors

 

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Chinese banks are trading higher in Hong Kong on report that Chinese regulators are considering exempting mainland individual investor from the 20% income tax on dividends from investment in Hong Kong stocks via the Southbound Trading of Stock Connect Scheme.

China Construction Bank and Postal Savings Bank of China are jumping more than 6%, Agricultural Bank of China surging more than 5%, Bank of Communications up 4.5%. 

If the tax exemption plan is adopted, it would be a major positive to the Hong Kong Exchanges and Clearing (HKEX)'s trading volume, and as . . .

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