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China unveils tax breaks for HK-Shanghai stock link
Published Fri, Nov 14, 2014 · 09:50 PM
Shanghai
CHINA will temporarily exempt taxes on profits made from a landmark scheme linking the Shanghai and Hong Kong stock exchanges, the finance ministry said on Friday, removing a potential stumbling block for global investors eager to directly buy Chinese stocks for the first time.
Market players cheered the announcement, though Chinese regulators left themselves wiggle room to apply a tax to foreign investors at a later date.
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