1. Dividend tax deduction for direct investment in Hong Kong stocks by Hong Kong stock brokers.
For example, you may be in Hong Kong, have a Hong Kong dollar account, and open an account with a brokerage firm for direct investment. Or people who are in the mainland but have a Hong Kong bank account, such as the Hong Kong card of China Merchants Bank, can obtain Hong Kong dollars by purchasing foreign exchange, and find a Hong Kong stock broker to open an account for investment through the Internet. This is also the case.
At this time, there is a dividend tax of 10% for investing in H shares, and there is no tax deduction for investing in non-H shares.
2. Dividend tax deduction for investing in Hong Kong stocks through Shanghai-Hong Kong Stock Connect.
Shanghai-Hong Kong Stock Connect is divided into Shanghai Stock Connect and Hong Kong Stock Connect. Mainlanders can directly invest in Hong Kong stocks through RMB. The exchange of funds is automatic, but there is a certain exchange cost.
There is a dividend tax of 20% for investing in Hong Kong H shares through Hong Kong Stock Connect.
H shares, also known as state-owned shares, refer to foreign shares registered in the mainland and listed in Hong Kong. Because of the initials of HongKong, it is called H shares.
Therefore, non-H shares refer to enterprises whose registered place is not in the mainland, but listed in Hong Kong. Similarly, companies registered in the Mainland are listed as S shares in Singapore and N shares in new york.
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