- SZ-HK Stock Connect
SZ-HK Stock Connect
Fee and tax
Hong Kong and overseas investors will be required to pay the following taxes and fees from Shenzhen Stock Exchange, China Clearing, Hong Kong Clearing or Mainland authorities upon trading of Shenzhen Stock Exchange through Shenzhen Stock Exchange and the settlement transaction:
Note: The current CCASS charges are still applicable to the shares of SZTT, including the settlement of the shares in connection with the settlement instructions and the settlement fees. In addition, HKSCC provides custodian and proxy services, and holds CCASS shares on behalf of its CCASS Participants and collects "Portfolio Fee".The Portfolio Fee is charged in Hong Kong Dollars (HKD) on a monthly basis to each CCASS Participant in a single combination of its shares. Charges and arrangements for different market participants may also vary. As long as the SFC approves, the charging arrangements can be changed.
The State Administration of Taxation ("SAT") will apply to the Shenzhen Stock Exchange for the tax on the Shenzhen Stock Exchange, including the stamp duty and the dividend. The Hong Kong Exchanges and Clearing Limited will consult with the State Administration of Taxation on other taxes (if applicable) provided by the State Administration of Taxation.
Differences in Trading and Settlement Arrangement between Hong Kong Stocks and SSE & SZSE Securities
The above contents are extracted from webpage of Shanghai – Hong Kong Stock Connect and Shenzhen – Hong Kong Stock Connect, this information may be modified and changed by the launch of Shanghai – Hong Kong Stock Connect and Shenzhen – Hong Kong Stock Connect or related regulations, ordinances, agreements and other documents
For details, please refer to the following link http://www.hkex.com.hk/eng/market/sec_tradinfra/chinaconnect/Documents/Investor_Book_En.pdf