Hong Kong And Shanghai Launched A Six Month Exemption From Capital Gains Tax And Dividend Tax.

Yan Feng, chairman and chief executive officer of Guotai Junan international board of directors, said on 18 th that he had heard about such a plan, but thought that even if it was implemented, it was only a temporary arrangement. Tax and settlement problems would affect investors' investment profits, hoping to have a more long-term solution, otherwise it would affect investors' desire to invest, but I believe the problem could be solved before opening.

Guotai Junan's Hong Kong listed companies Guotai Junan international held a strategic exchange meeting between Shanghai and Hong Kong on 18 October. Yan Feng said at the meeting that the most important challenge for Hongkong and Hong Kong to open is the question of Taxation and settlement. The issue of whether capital gains tax is invested by overseas institutional investors through Hong Kong and Shanghai through A shares is still unsolved.

At present, some details of Shanghai and Hong Kong pass are not yet clear. Among them, overseas institutional investors are investing in A shares through Shanghai Stock Exchange. In the event of dividends and stock dividends of listed companies, how to levy dividend tax and how to pay capital gains tax when selling A shares are the most concerned issues for overseas investors.

Earlier, overseas media worried that if Shanghai and Hong Kong were launched according to the plan in October, the relevant rules of capital gains tax should be completed within one or two months, including the draft. The State Council Approval and final implementation, and the rules can not violate the relevant bilateral tax arrangements, the task is arduous.

but HKEx Li Xiaojia, chief executive of the group, said at the Hong Kong Stock Exchange's semi annual performance meeting last month that the tax issue was about to be resolved.

At the beginning of September, the SFC talked about Shanghai-Hongkong Stock Connect The related tax problems also indicate that the taxation problems of Shanghai and Hong Kong involve the existing laws and regulations, and have strong policy and wide influence. We must adhere to the fairness and seriousness of the tax policy, and take account of the innovation and openness of the Shanghai Hong Kong business. The SFC is actively coordinating and coordinating with the relevant departments to promote this work and strive to solve the related problems as soon as possible.