BEIJING (Reuters) – China’s finance ministry on Tuesday announced the temporary offering of tax incentives for “innovation” firms’ domestic issuance of Chinese depositary receipts (CDRs).
Investors will be temporarily exempted from individual income tax on the difference in income obtained from the transfer of “innovation” firms’ CDRs from Sept.
21 to the end of 2025, according to the announcement.
(Reporting by Beijing Newsroom; Editing by Muralikumar Anantharaman)
