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Don’t panic: China says 20% offshore insurance tax does not target Hong Kong
Beijing urged the market not to overreact to the policy – which it stressed was not new – after reports of the tax triggered a sell-off in Hong Kong.
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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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China Tax on Offshore Insurance Returns Triggers Prudential, HSBC Selloff
Cases involving a 20% levy raise concerns that tighter enforcement could weaken mainland demand for Hong Kong insurance products and hurt insurers’ growth
