With the recent wave of good news, rumors about whether the dividend tax of Hong Kong Stock Connect will be reduced have spread rapidly in the industry. This also triggered a surge in Hong Kong stocks, but this rumor has not been officially confirmed at this time.
According to reports, it has been reported that mainland individual investors investing in Hong Kong stocks may enjoy a reduction in dividend tax. This news caused an uproar in the industry, because if this policy is really implemented, it will have a far-reaching impact on the Hong Kong stock market. However, to be clear, this news has not been officially confirmed, and it is only from media reports.
However, even in the absence of official confirmation, the market has already begun to react positively to the news. Some investors said that if the dividend tax is really reduced, it will bring significant benefits to the Hong Kong stock market, boost investor confidence, and push Hong Kong stocks to rise further. Especially for high-dividend related sectors, this news is even more significant.
Behind this rumor, some investors expressed optimism that the Hong Kong stock market is expected to usher in a new round of rise. They pointed out that the total amount of dividend tax levied by the Hong Kong Stock Connect mechanism every year is huge, and if the dividend tax for mainland individual investors is really reduced, a large amount of capital will be released and further boost the prosperity of the Hong Kong stock market. And for red chips, this is undoubtedly good news and may bring their premiums back to higher levels.
However, there are also some voices who are wary of this. They point out that while the dividend tax relief will provide a certain boost in market sentiment, the scale of the direct tax relief may be limited in practice. Especially given the average daily turnover of the Hong Kong stock market since the beginning of this year, this adjustment may only bring a short-term boost to sentiment, and the substantive impact on the market may be limited.
As far as market trends are concerned, the Hong Kong stock market has entered a technical bull market, and the major indices have shown considerable gains. However, behind the positives, there are still some differences in the market. Some analysts believe that the rebalancing of global funds is one of the main reasons for the rally in Hong Kong stocks, while others point out that although Hong Kong stocks are more attractive value for money, there are already some risk signals on their trading that require investors to remain vigilant.
With the recovery of the Hong Kong market, the Hang Seng TECH Index in which we invested also achieved good returns.
Since the beginning of this year, the data of the past 1 year and the past 2 years have been corrected, and they have gradually stepped out of the bottom area.
At present, Hong Kong stocks are under a technical bull market, and it is still worth our continued attention.
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