China is reported to consider reducing and exemption from personal investors in mainland China to invest in listed companies in Hong Kong through Hong Kong Stock Connect, and 20%of income tax required for dividend dividends to avoid repeated taxation on Lu and Hong Kong.
According to Bloomberg News on Wednesday (May 22), people familiar with the matter said that the draft of the relevant plan has been reported to the relevant regulatory agencies, whether the final implementation and implementation date still have variables.
People familiar with the matter are unwilling to name because they have not been authorized.The China Securities Regulatory Commission did not immediately reply to Bloomberg's request for comments.The Hong Kong Securities Regulatory Commission and a Hong Kong exchange spokesman refused to comment.
Marvin Chen, a strategist in Bloomberg Industry Research Bank, believes that this move is good for the Hong Kong market, helping to maintain high -income industries such as southbound funds, and support high -yield industries such as energy and public undertaking.State -owned enterprises; Southbound funds have accounted for about 15%of Hong Kong's turnover. Once the policy is implemented, this proportion may rise.
