The government is not considering changes to capital gains tax for individual investors or HNIs, with plans to maintain the LTCG and STCG framework. While a simplification of the Income Tax Act is underway, any change to tax rates is unlikely. Experts suggest stabilizing LTCG norms could boost market participation and help the economy.
Global Market: Apple supplier Lingyi’s shares up 6% in Hong Kong debut
Shares of Lingyi iTech opened 6% higher in the Chinese precision parts maker’s Hong Kong debut on Friday, after the Apple supplier raised about HK$8.3