ChinaAMC gets landmark RQFII tax exemption
One of China's biggest asset managers has obtained an exemption in Hong Kong from 10% capital gains tax on its flagship RQFII ETF. But mainland authorities have not yet given the go-ahead.
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China Asset Management has become the first mainland fund house to gain an exemption in Hong Kong from a 10% capital gains tax (CGT) on an RQFII fund.
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