Market Chatter: Prudential Plc, HSBC, StanChart Shares Fall in London as China Reportedly Taxes Hong Kong Insurance Policies
Shares of Prudential Plc, HSBC, and Standard Chartered fell in London following reports that China is implementing a 20% capital gains tax on Hong Kong insurance policies. This move targets Mainland Chinese buyers and comes after Prudential's 2023 financial results showed strong sales in …