China tax move hits Hong Kong insurers as AIA drops 8.2%
What's new: A reported 20% tax on offshore policy returns raised fears mainland buyers will pull back from Hong Kong products.
Bloomberg, CNBC +2
What's new: A reported 20% tax on offshore policy returns raised fears mainland buyers will pull back from Hong Kong products.
What's new: The project began about a year ago and could deepen China’s push to replace restricted US chip imports with domestic hardware.