The move was seen by analysts as a potential sharpening of China’s increased scrutiny of offshore investments. Read more at straitstimes.com. Read more at straitstimes.com.

Chinese mainland authorities have levied a 20% personal income tax on Hong Kong policy dividends and prepaid premium interest in early cases

Prudential shares dropped over 10% after China tightened its tax net on Hong Kong insurance sales, hitting a business line worth 17% of group