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  1. Plan to scrap share-sales tax

    Posted Mar 14th 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com A senior mainland securities official has proposed scrapping trading tax in the latest sign that Beijing is struggling to prop up the slumbering ... billed as 'the most powerful weapon' to orchestrate a rally following two years of sharp falls on the stock market. Beijing now imposes a 0.1 per cent tax on the sales of shares, while ...

  2. Beijing levies 20pc tax on sale of 'free floats'

    Posted Jan 02nd 2010, 12:00am by Staff Reporter

    ... be baulking at lofty stock prices following an 80 per cent rally last year. The Ministry of Finance announced on Thursday evening that a 20 per cent income tax would be imposed on individual investors selling previously locked-up shares effective from yesterday. The new tax came as a combined 383 billion shares worth 5.84 trillion yuan (HK$6.6 trillion) are expected to become free-floating ...

  3. China Mobile shares halted over dividend tax

    Posted May 14th 2009, 12:00am by Staff Reporter

    ... Frederick Yeung Shares in China Mobile were suspended yesterday owing to a technicality related to a new mainland tax. Late on Tuesday, China Mobile announced it would have to delay the start of its book-closing period from tomorrow to May 27 because of the non-resident enterprise income tax. Under the new law, any mainland company that pays dividends to non-resident enterprise ...

  4. Mainland stocks hit by IPO, tax fears

    Posted Jul 06th 2007, 12:00am by Staff Reporter

    ... Ren Wei in Shanghai Months of gains wiped out as sentiment cools Mainland stocks tumbled to a two-month low yesterday as the threat of new taxes on equity trading and concern about a flood of new share offerings weighed on investors. The markets have been battered by a series of negative developments this week including calls for a capital gains tax on stock trading, an increased ...

  5. Stocks rally as Beijing scotches tax rumour

    Posted Mar 01st 2007, 12:00am by Jamil Anderlini

    ... their biggest fall in a decade as investors hunted for bargains after the government said it had no plans to introduce a capital gains tax on stock earnings. While other Asian markets, including Hong ... bullish sentiment. In state-owned press reports yesterday, officials denied rumours the government planned to introduce a capital gains tax on stock transactions. The China Securities Regulatory ...

  6. Merchants Bank gets 905m yuan in tax deductions

    Posted Apr 12th 2007, 12:00am by Nevin Nie

    ... in taxes for last year after mainland regulators approved deductions related to staff costs. The Ministry of Finance and State Administration of Taxation notified the Shenzhen-based bank on April ... expense for computing income tax for 2006 is within our expectation,' said Core Pacific-Yamaichi banking analyst Kent Yau. 'All mainland banks listed in Hong Kong have had such a benefit ...

  7. ICBC posts 51pc jump in after-tax earnings

    Posted Apr 26th 2007, 12:00am by Andy Chen

    ... Andy Cheng Lender gets lift from higher fee income, wider interest margins Industrial and Commercial Bank of China, the nation's largest lender, said after-tax profit jumped 51 per cent in the first quarter, thanks to higher fee income and wider interest margins. After-tax profit rose to 18.9 billion yuan in the first three months this year from 12.47 billion yuan a year ...

  8. Monitor

    Posted Apr 19th 2007, 12:00am by Jake Van Der Kamp

    ... of the figures and my calculations will indicate that pre-tax profits fell 64 per cent from their 2005 level. I cannot work out exactly what the net profit would be as the tax charge and some other items ... the previous year. Take these realised and unrealised trading gains on equities out of the accounts and the result is a pre-tax profit of only 4.27 billion yuan, as opposed to the 25.61 billion yuan ...

  9. Let's be clear what is best for our economy

    Posted Feb 16th 2011, 12:00am by Albert Chen, Albert Cheng

    ... the worsening wealth gap. We should be open to suggestions on how to broaden our tax base. I am not against the government seeking out new tax options, such as expanding the scope of the progressive tax structure. In fact, the introduction of additional stamp duty last year to curb property prices and speculation is effectively a form of asset appreciation tax to enlarge our revenue base. But, ...

  10. Business - Money - MARKETS

    Stocks dive on fear of further tightening

    Posted Feb 22nd 2013, 12:00am by DANIEL REN AND JEANNY YU

    ... publish further details of cooling measures to curb a property-buying spree. The State Council said it would extend a trial property tax from Shanghai and Chongqing to other cities nationwide. ...




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