Examples of SHHK Stock Connect in a sentence
Certain Funds may invest in eligible China A-Shares through the SHHK Stock Connect, the SZHK Stock Connect, or other similar scheme(s) established under applicable laws and regulations from time to time, as appropriate.
However, there is no guarantee on how long the exemption will last and there can be no certainty that the trading of China A- Shares invested through SHHK Stock Connect and SZHK Stock Connect (“SC Securities”) will not attract a liability to such tax in the future.
However, Circular 36, Circular Caishui [2016] No.70 and Circular Caishui [2016] No.127 specifically provide that gains derived by (a) QFII/RQFII License Holders from the trading of marketable securities in the PRC, or (b) overseas investors (including entities and individuals) from trading of China A-Shares through SHHK Stock Connect and SZHK Stock Connect, or (c) overseas institutional investors approved by People’s Bank of China from the direct investment in RMB market of CIBM are exempted from VAT.
However, there is no guarantee on how long the exemption will last and there can be no certainty that the trading of China A-shares invested through SHHK Stock Connect and SZHK Stock Connect (“SC Securities”) will not attract a liability to such tax in the future.
However, Circular 36, Circular Caishui [2016] No.70 and Circular Caishui [2016] No.127 specifically provide that gains derived by (a) RQFIIs from the trading of marketable securities in the PRC, or (b) overseas investors (including entities and individuals) from trading of China A-Shares through SHHK Stock Connect and SZHK Stock Connect, or (c) overseas institutional investors approved by People’s Bank of China from the direct investment in RMB market of CIBM are exempted from VAT.
All trading under the SHHK Stock Connect must be conducted on SSE and no over-the-counter or manual trades are allowed.
If the Customer maintains its SSE Securities purchased through SHHK Stock Connect with a custodian participant of HKSCC other than MSL, the Customer shall transfer those SSE Securities to the corresponding CCASS account of MSL before the commencement of trading on a trading day if he/she intends to sell the shares during that trading day.
However, Circular 36, Circular Caishui [2016] No.70 and Circular Caishui [2016] No.127 specifically provide that gains derived by (a) RQFIIs from the trading of marketable securities in the PRC, or (b) overseas investors (including entities and individuals) from trading of China A-shares through SHHK Stock Connect and SZHK Stock Connect, or (c) overseas institutional investors approved by People’s Bank of China from the direct investment in RMB market of CIBM are exempted from VAT.
The provisions contained in this Section VII shall, in conjunction with other Sections of these Terms and Conditions, apply to the SHHK Stock Connect trading services offered by MSL ("Stock Connect Services").
However, Circular 36, Circular Caishui [2016] No.70 and Circular Caishui [2016] No.127 specifically provide that gains derived by (a) QFII/RQFII License Holders from the trading of marketable securities in the PRC, or (b) overseas investors (including entities and individuals) from trading of China A-shares through SHHK Stock Connect and SZHK Stock Connect, or(c) overseas institutional investors approved by People’s Bank of China from the direct investment in RMB market of CIBM are exempted from VAT.