Examples of SZHK 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.
Under Circular 127, corporate income tax and individual income tax will be temporarily exempted on gains derived by Hong Kong and overseas investors on the trading of China A-Shares through the SZHK Stock Connect with effect from 5 December 2016.
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.
Under Circular 127, corporate income tax and individual income tax will be temporarily exempted on gains derived by Hong Kong and overseas investors on the trading of China A-shares through the SZHK Stock Connect with effect from 5 December 2016.
Where a broker provides SHHK and SZHK Stock Connect trading services to its clients, proprietary trades of the broker or its affiliates may be submitted to the trading system independently and without the traders having information on the status of orders received from clients.
The SZHK Stock Connect became operational since 5 December 2016.The SSE, SZSE and SEHK will enable investors to trade eligible shares listed on the other’s market, as applicable, through local securities firms or brokers, subject to rules and regulations issued from time to time.Additional information about the SHHK and SZHK Stock Connect is available online at the website: https://www.hkex.com.hk/mutual-market/stock-connect?sc_lang=en.
Under Circular 127, corporate income tax and individual income tax will be temporarily exempted on gains derived by Hong Kong and overseas investors on the trading of China A- Shares through the SZHK Stock Connect with effect from 5 December 2016.
In this regard, a historical average level of service of $278 per capita has been provided, resulting in a D.C. eligible cap of $1.6 million.