The Thru Train track needs clearing
With unanswered questions still cluttering the track of the Thru Train or Stock Connect, many are hoping regulators will use the launch delay to clarify the implementation of capital gains taxes on China-A shares. In order for the northbound track to truly take off, China regulators should clear uncertainty from the tracks and remove the tax altogether.
Whether the reason for the Shanghai-Hong Kong Stock Connect delay was related to politics surrounding the Occupy Central protests, technical glitches or regulatory approvals, one question still remains on the official agenda: will the capital gains tax be applied to China-A shares held by foreign investors? Even with