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Foreign investors get China bond tax waiver

Toby Yiu
International fund houses have received further clarity on investments into China's interbank bond market, say sources, but central banks remain the biggest drivers of fast-rising inflows.
Foreign investors get China bond tax waiver

Foreign asset managers will be temporarily exempt from capital gains tax (CGT) on their holdings in the China interbank bond market (CIBM), AsianInvestor understands. But they will need to pay 10% withholding tax for coupon interest income tax on policy bank and corporate bonds, though not government securities. 

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