BlackRock's offices in Hong Kong as fund managers in China are facing significant tax bills in the country. Photo: Bloomberg

Fund managers may sell holdings to pay US$4 billion in taxes to China

“For managers of public mutual funds, this will likely force the manager to claw back funds from net asset value (at the expense of current investors) in order to meet tax bills”

Topic |   Capital gains tax

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BlackRock's offices in Hong Kong as fund managers in China are facing significant tax bills in the country. Photo: Bloomberg
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Jeanny Yu

Jeanny Yu

Jeanny covers foreign exchange market, with a special focus on RMB for the SCMP. Please stay in touch on twitter @jeannyyu.