Fears of multi-billion dollar China ETF CGT bill misplaced

Tax treaties likely to save ETF providers from a swingeing retrospective bill

Hong Kong

A briefing by the Beijing tax authorities last week to resolve outstanding capital gains tax (CGT) led to suggestions that the sector could be facing a multi billion backtax bill, but industry experts say these fears have been overplayed and the net result could be positive for providers.

Along with the launch of the Hong Kong-Shanghai Stock Connect on November 17 last year, Chinese authorities issued circular 79, which gave a CGT exemption for future equity trading but imposed a bill for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here