PricewaterhouseCoopers and Jintrust Fund Management

Jintrust Fund Management: While the nations laws suggest foreign equity investors are subject to a 10 percent levy on capital gains, the government has never collected the tax, according to PricewaterhouseCoopers. Confusion over the policy since China s quota system for foreigners began more than a decade ago has led to a mishmash of compliance, with some setting aside cash for the liability and others anticipating it wont be implemented, according to Jintrust Fund Management, according to Bloomberg. All this creates uncertainty, and international investors dont like uncertainty, Sebastien Lieblich, an executive director at Index Research, said by phone from Geneva. They dont want to be left in limbo and When is a tax not a tax? When you re investing in Chinese stocks . Pressure is increasing on China to spell out its stance as the country moves closer to starting an exchange link with Hong Kong that will give foreigners unprecedented access to the $3.5 trillion stock market and boost the yuans role in global financial transactions. Inc. , which kept mainland shares out of its global indexes in June, says the lack of clarity on tax policy is one of investors biggest concerns. (news.financializer.com). As reported in the news.