In the news: SH-HK Stock Connect debuts, Visa and Mastercard let down and Evergrande Group buys New Media Group

November 19, 2014 | BY

clpstaff &clp articles

This week the Shanghai-Hong Kong Stock Connect launched and exempted taxes, Visa and Mastercard were given false hopes as the PBOC bolstered UnionPay and Evergrande Group bought a Hong Kong-based publisher

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Shanghai-Hong Kong Stock Connect begins, exempts taxes for now

China will temporarily exempt taxes on profits made from the Shanghai-Hong Kong Stock Connect, which debuted on Monday (November 17). Investors welcomed the tax break as it removed a potential