1. LINE

      Text:AAAPrint
      Economy

      China scraps dividend tax for long-term investors

      1
      2015-09-08 08:29Xinhua Editor: Gu Liping

      Chinese investors holding a stock for more than one year will be exempted from a 5-percent dividend tax from Tuesday, authorities said.

      Those who have held a stock for one month or less will have to pay 20 percent of the dividend they receive as income tax when they sell the stock, the Ministry of Finance said Monday in a statement jointly released with the country's taxation authority and the securities regulator.

      People who have held a stock for over one month to one year will have to pay a 10 percent dividend tax when they sell the stock, the statement said.

      This move is part of the government's efforts to promote long-term investment following a stock market rout since mid-June.

      The Shanghai Composite has plunged more than 40 percent from a peak seen on June 12.

      The benchmark Shanghai index slid 2.5 percent as stocks retreated on Monday after the government announced its plan to introduce the circuit-breaker mechanism intended to reduce extreme market volatility.

      The Composite Index closed at 3,080.42, down 79.75 points, after swinging as much as 151.28 points, while the Shenzhen Component Index edged down 0.6 percent to close at 9,991.76.

      The securities watchdog announced on Sunday evening that it is drafting a plan to implement the circuit-breaker mechanism, where stock exchanges would temporarily halt trading to avert panic selling after the stock index has fallen a certain percentage.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 中文字幕在线亚洲精品| 最新中文字幕免费视频| 久久久久亚洲av毛片大| 99亚洲男女激情在线观看| 成人毛片免费观看视频| 亚洲入口无毒网址你懂的| 无人在线观看免费高清视频| 精品亚洲456在线播放| 在线观看免费a∨网站| 日韩欧美亚洲中文乱码| 国产免费直播在线观看视频| 美女黄色毛片免费看| 亚洲第一成人影院| 三年片在线观看免费西瓜视频| 亚洲综合无码AV一区二区| 中文字幕乱码一区二区免费| 久久精品国产亚洲av麻豆 | 亚洲欧洲日本精品| 无码精品A∨在线观看免费| 亚洲熟妇无码八V在线播放| 国产免费黄色大片| 久久国产精品免费一区| 亚洲国产精品久久久久网站| 国内精品免费麻豆网站91麻豆| 77777亚洲午夜久久多喷| 国产在线观看免费完整版中文版| 免费无遮挡无遮羞在线看| 黑人精品videos亚洲人| av无码国产在线看免费网站| 亚洲AV永久无码天堂影院| 亚洲精品99久久久久中文字幕| 无码av免费一区二区三区试看| 亚洲国产系列一区二区三区| 亚洲福利精品电影在线观看| 久久成人免费电影| 亚洲国产精品美女久久久久| 亚洲精品自产拍在线观看| 91免费精品国自产拍在线不卡| 新最免费影视大全在线播放| 亚洲天堂视频在线观看| 国产免费久久精品久久久|