Chinese ADRs and ETFs Jump As China Launches New Tax Incentives for Real Estate

Tiger Newspress11-13 18:00

China MOF announced tax policies to promote stable and healthy development of real estate market:

cuts tax rate to 1% for individuals purchasing sole home of 140 square meters or less;
cuts tax rate to 1.5% for individual purchasing sole home over 140 square meters
cuts tax rate to 2% for individuals purchasing second home over 140 square meters

to lower minimum pre-collection rate for land value-added tax by 0.5 ppts

no more vat for individuals on sale of homes purchased for over 2 years (including 2 years)

tax regulations to be implemented starting december 1

Hot Chinese ADRs and ETFs jumped in premarket trading on Wednesday. Fangdd Network Group rose 28%; KE Holdings rose 9%; YINN rose 5%; XPeng, Bilibili rose 4%; NIO rose 2.6%; PDD, Alibaba up 2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1193387550?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-13 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193387550","market":"us","top_or_hot":-1,"title":"Chinese ADRs and ETFs Jump As China Launches New Tax Incentives for Real Estate","media":"Tiger Newspress","content":"<html><head></head><body><p>China MOF announced tax policies to promote stable and healthy development of real estate market:</p><ul style=\"\"><li><p>cuts tax rate to 1% for individuals purchasing sole home of 140 square meters or less;</p></li><li><p>cuts tax rate to 1.5% for individual purchasing sole home over 140 square meters</p></li><li><p>cuts tax rate to 2% for individuals purchasing second home over 140 square meters</p></li></ul><ul style=\"\"><li><p>to lower minimum pre-collection rate for land value-added tax by 0.5 ppts</p></li></ul><ul style=\"\"><li><p>no more vat for individuals on sale of homes purchased for over 2 years (including 2 years)</p></li></ul><ul style=\"\"><li><p>tax regulations to be implemented starting december 1</p></li></ul><p>Hot Chinese ADRs and ETFs jumped in premarket trading on Wednesday. Fangdd Network Group rose 28%; KE Holdings rose 9%; YINN rose 5%; XPeng, Bilibili rose 4%; NIO rose 2.6%; PDD, Alibaba up 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ad77ececc6a5273f77a8e97573b85c06\" title=\"\" tg-width=\"417\" tg-height=\"426\"/></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese ADRs and ETFs Jump As China Launches New Tax Incentives for Real Estate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese ADRs and ETFs Jump As China Launches New Tax Incentives for Real Estate\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-13 18:00 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China MOF announced tax policies to promote stable and healthy development of real estate market:cuts tax rate to 1% for individuals purchasing sole home of 140 square meters or less;cuts tax rate to ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BEKE","symbol_name":"贝壳","start_time":0,"source_url":"","article_id":"1193387550","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193387550","pubTimestamp":1731492028,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Hot Chinese ADRs and ETFs jump in premarket trading on Wednesday. KE Holdings rises 9%; YINN gains 5%; XPeng, Bilibili rises 4%; NIO rises 2.6%; PDD, Alibaba up 2%; .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BEKE":"贝壳","YINN":"三倍做多富时中国ETF-Direxion","DUO":"房多多"},"translate_title":"随着中国推出新的房地产税收优惠政策，中国ADR和ETF上涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEKE":1.1,"DUO":1.1,"YINN":1.1},"content_text":"China MOF announced tax policies to promote stable and healthy development of real estate market:cuts tax rate to 1% for individuals purchasing sole home of 140 square meters or less;cuts tax rate to 1.5% for individual purchasing sole home over 140 square meterscuts tax rate to 2% for individuals purchasing second home over 140 square metersto lower minimum pre-collection rate for land value-added tax by 0.5 pptsno more vat for individuals on sale of homes purchased for over 2 years (including 2 years)tax regulations to be implemented starting december 1Hot Chinese ADRs and ETFs jumped in premarket trading on Wednesday. Fangdd Network Group rose 28%; KE Holdings rose 9%; YINN rose 5%; XPeng, Bilibili rose 4%; NIO rose 2.6%; PDD, Alibaba up 2%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193387550"}