Tax-Free Policy on Proceeds From Shanghai-Hong Kong Stock Connect to Continue to December 2019

Tax-Free Policy on Proceeds From Shanghai-Hong Kong Stock Connect to Continue to December 2019

Chen Juan

Date: Mon, 11/13/2017 - 19:25 / source:Yicai
Tax-Free Policy on Proceeds From Shanghai-Hong Kong Stock Connect to Continue to December 2019
Tax-Free Policy on Proceeds From Shanghai-Hong Kong Stock Connect to Continue to December 2019

(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.

 

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Keywords: Shanghai-Hong Kong Stock Connect