Hong Kong General Chamber of Commerce has proposed to expand the cross-border wealth management scheme to other major cities in mainland China and broaden the range of products. In relation to Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, it is suggested to relax the eligibility requirements for “southbound” qualified investors and exempt mainland individual investors from the 20% tax on purchasing Hong Kong stocks through Shanghai-Hong Kong Stock Connect.
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Hong Kong Chamber of Commerce: Proposes to relax the threshold for qualified investors in the "Southbound Access"
Hong Kong General Chamber of Commerce has proposed to expand the cross-border wealth management scheme to other major cities in mainland China and broaden the range of products. In relation to Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, it is suggested to relax the eligibility requirements for “southbound” qualified investors and exempt mainland individual investors from the 20% tax on purchasing Hong Kong stocks through Shanghai-Hong Kong Stock Connect.