25 September, 2018
On 30 August 2018, the State Council announced the exemption of income tax and value-added tax for overseas investors’ interest incomes of their investment in China’s bond market for a period of three years (available here in Chinese).
At the end of August, Bond Connect has fully implemented delivery-versus-payment for settlement, which ensures that payment and delivery of securities occur simultaneously, thereby reducing the counterparty risks.
Asset managers may now aggregate trades of up to 30 different clients, which facilitates trading on the Stock Connect.
For further information, please contact:
Yang Shen, Deacons
yang.shen@deacons.com.hk
