QUOTE(FSMOne Malaysia @ Jan 3 2024, 11:12 AM)
Welcome aboard to FSMOne’s annual event, "What & Where to Invest in 2024," we cant wait to see you.
Hi FSMOne,
I am a Malaysian that has an account in FSMOne. Recently I started to look into China A-shares listed in SSE due to their low price. But I have some doubt on the charges and taxes on selling the shares. Let say I sold a China(listed in SSE) originally price at 1000 CNY and gained a net capital appreciation of 1000 CNY. How much of that gross 2000 CNY will be credited to my account?
From your website I am expected to pay 40 CNY processing fee, 0.05% stamp duty, Exchange Handling Fee 0.00341%, exchange securities 0.002% , and Exchange Transfer Fee 0.003%. This mean that I will get a net transfer of 1958.83 CNY, am I right? Or the capital gain I got for selling the share is also subject to China capital gain tax of 20%, which mean that the net profit credited to my account is only a mere 1758.83 CNY?
Appreciate if you can correct me if my understanding is wrong. Thank you.
Hope you can assist me as I am not sure whether it is worth to invest in SSE.