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

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

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

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 . . .

Sign In or Subscribe To Get Full Access. 

 

KNOW IT NOW, NOT LATER.

We Are Live On THE WIRE Every Trading Day. Don't Miss Out.  

 

Try For Free

 

Users' reviews