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(Yicai Global) Nov. 13 -- China's Ministry of Finance will extend a tax-exempt policy that relates to proceeds from transactions made through Shanghai-Hong Kong Stock Connect Policy to Dec. 4, 2019.
Shanghai-Hong Kong Stock Connect Policy has supported investors in mainland China and Hong Kong in trading eligible shares listed on the other's market, through local securities companies and brokers since 2014. The duty-free policy was due to expire this Thursday.
The total amount of transactions made through the Shanghai-Hong Kong Stock Connect was USD524.04 billion (CNY3.48 trillion) as of November last year.