Announcement on Tax Policies Applicable After Inclusion of Exchange-Traded Funds in the Mainland-Hong Kong Stock Market Connect Mechanism

This document clarifies that after exchange-traded funds (ETFs) are included in the Mainland-Hong Kong Stock Market Connect mechanism, the existing tax policies for mutual recognition of funds between Mainland and Hong Kong will apply. It also specifies that China Securities Depository and Clearing Corporation Limited is responsible for withholding individual income tax on distributions from Hong Kong funds to Mainland investors.