China is reportedly considering a proposal to exempt individual investors from paying dividend taxes on Hong Kong stocks purchased through the Stock Connect, aiming to avoid double taxation and enhance liquidity in the Hong Kong market. This potential policy change has positively impacted the stock markets, with significant gains in major indices and companies. The Shanghai Composite Index and Hang Seng Index have seen substantial increases, with the former entering a technical bull market after a 20% rebound from its recent low. Hong Kong Exchanges and Clearing Limited also experienced a notable rise, jumping 3.5% and surging up to 8% on the news of the potential tax waiver. Additionally, the Hang Seng Index opened up 0.71%, and the Tech Index increased by 0.72%. The average daily turnover (ADT) of Hong Kong stocks has shown significant growth, potentially increasing by 4% due to the tax exemption.
#HK stocks' ADT could rise 4% on reported tax exemption, said analyst. HKEX's ADT returned to growth in Apr for first time since Aug 2023; in late Apr, ADT surged 30% on year. https://t.co/haGgRmRP6L https://t.co/T0jA8Ul5JV https://t.co/1b6NqLUqSE
News out tonight China may exempt mainland individual investors from dividend income tax on investment in Hong Kong stocks. Hang Seng is ripping higher again tonight. https://t.co/d6hcU65PFk
#HKEX surge up to 8% to hit highest since Nov 2023 on news that China may exempt mainland individual investors from dividend income tax on investment in HK stocks https://t.co/haGgRmRP6L https://t.co/qQSxbS9lvK
#HKEX surge up to 8% on news that China may exempt mainland individual investors from dividend income tax on investment in HK stocks https://t.co/haGgRmRP6L https://t.co/0FMIzhzFPO
Hong Kong stocks gained as regulators were said to be considering a proposal to exempt individual investors from paying taxes on dividends earned from Hong Kong stocks bought via Stock Connect https://t.co/ichdxreurE
#China's benchmark #Shanghai Composite Index gains over 20% from recent low on Feb 5, entering technical #Bull market. https://t.co/haGgRmRP6L https://t.co/JGr2M3AbNB
#China's $SHCOMP rebounded by 20% from the last bottom, on track to a "Technical Bull Market". https://t.co/vsFRq4BZN5 https://t.co/UXA6B5VPwt
Hong Kong Exchanges and Clearing Limited jumped 3.5% on Friday on a potential dividend tax waiver by mainland #China. Hang Seng Index opened up 0.71%, Tech Index +0.72%. $HSI https://t.co/PAJFZswpON https://t.co/jnt7y2nnPL
China’s stock rebound may have room to run based on a number of underlying positives including technicals, fund flows and the outlook for earnings https://t.co/rKoYcPRpLY
China is considering a proposal to exempt individual investors from paying dividend taxes on Hong Kong stocks bought via Stock Connect, sources say https://t.co/Xvcwh7hULy
#IMPORTANT China is reportedly considering abolishing the dividend tax for mainland investors who invest in Hong Kong stocks to avoid double taxation and improve liquidity in the HK market. Source: Bloomberg #China $HSI #Tencent $BABA $KWEB $FXI $HXC
China, Hong Kong stocks win back investors on economic recovery https://t.co/aBL2rCZEQy