China Mulls New Tax Rules on QFIIs

(Beijing) -- China is currently reviewing draft regulations that could introduce a capital gains tax for foreign institutional investors' earnings from equity transactions, a source close to the China Securities Regulatory Commission said to Caixin.

The Qualified Foreign Institutional Investor (QFII) program was created in 2002 to allow foreign investors to trade on the A-share market and recently expanded to program in a bid to encourage inbound investment.