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As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps
Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.
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caixinglobal.com
Exclusive: China Widens Tax Net to Offshore Insurance
Chinese mainland authorities have levied a 20% personal income tax on Hong Kong policy dividends and prepaid premium interest in early cases
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cryptobriefing.com
Prudential shares fall 13% after China widens its tax net on Hong Kong insurance
Prudential shares dropped over 10% after China tightened its tax net on Hong Kong insurance sales, hitting a business line worth 17% of group
