Tax Breaks Beckon Foreigners to Shenzhen Equities

(Beijing) — Foreign investors trading mainland shares through the new Shenzhen-Hong Kong Stock Connect will get a tax break on their earnings — at least for now.

Retail and corporate investors on the Hong Kong side of the trading link will have capital gains taxes waived for an unspecified period beginning Monday, the connect program's first day, according to a statement posted on the Chinese Securities Regulatory Commission (CSRC) website Thursday.