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The View From China: As its Securities Regulations are Modernized, the Red Dragon’s Profit Potential Will Soar
HONG KONG – The question came to me as I was standing on the floor of the Hong Kong Stock Exchange here. I’d be willing to wager that quite a few investors – both within China and back in the United States – are wondering about this, as well.
Here it is: Will China implement a long-rumored capital-gains tax, and risk (another) major sell-off as a result?
Only Beijing’s inner circle knows for sure, and that only stokes investor speculation. The uncertainty can lead to rampant, knee-jerk sell-offs each time the scuttlebutt of an “imminent” tax surfaces. And those rumors have been surfacing…
13May2008 | Money Morning | Comments Off | Continued
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