Shares of HK insurers hit by report of national tax
Hong Kong-listed shares of major insurers, led by Prudential and AIA Group, fell sharply on Thursday after Caixin reported that national authorities are levying taxes on insurance policy income earned outside the mainland. Beijing and Hangzhou authorities have started to apply personal income tax rates of 20 percent on returns from Hong Kong insurance policies, including dividend payouts and…
We haven't written up this one. RTHK News - Finance has the full story — the link below goes straight to it.
