Hong Kong Banks Wrestle for China Stock-Connect Cash

Banks are offering various promotions, such as waiving brokerage fees and providing interest rate deals, to attract customers. The competition is intense as banks aim to secure market share in the initial phase of a new financial link-up, allowing investors access to China's equity market. However, unresolved tax issues remain a concern, with authorities working to clarify tax rules for foreign investors.

What incentives are being offered by the Bank of China to attract customers?

How does the current tax regime in China affect foreign equity investors according to the text?