The China Securities Regulatory Commission (CSRC) and the State Administration of Taxation (SAT) are reviewing a plan submitted by Hong Kong to exempt the 20% profits tax on dividends from Hong Kong stocks bought through Southbound Trading of Stock Connects, Bloomberg News quoted sources as saying. If the plan is adopted, JPMorgan believed that it would be a major positive to HKEX (00388.HK) +4.800 (+1.826%) Short selling $165.55M; Ratio 11.501% 's trading volume, JPMorgan issued a research report saying. Related NewsG Sachs Adds ANTA SPORTS, HKEX to APAC Conviction List, Removes SHENZHOU INTLAs the gap between the after-tax rate of H-/ A-shares will widen, it will be favorable to banks. JPMorgan predicted that CCB (00939.HK) +0.080 (+1.444%) Short selling $551.63M; Ratio 24.453% will benefit the most as CCB's A-share dividend return was 5.7%, but CCB's H-share dividend return was 8.3%, meaning that the difference between its H-/ A-share dividends is 2.6%, higher than the dividend spread between H-/ A-shares of ABC (01288.HK) +0.070 (+2.141%) Short selling $187.59M; Ratio 19.214% , BANK OF CHINA (03988.HK) +0.030 (+0.811%) Short selling $399.85M; Ratio 30.837% and ICBC (01398.HK) +0.050 (+1.131%) Short selling $691.66M; Ratio 33.494% of 1.8%/ 1.8%/ 1.9%, respectively.In terms of brokers, JPMorgan believed that CICC (03908.HK) +0.070 (+0.753%) Short selling $8.66M; Ratio 7.819% , HTSC (06886.HK) +0.030 (+0.337%) Short selling $9.26M; Ratio 10.559% and CITIC SEC (06030.HK) +0.060 (+0.494%) Short selling $15.91M; Ratio 12.932% , which account for a higher share in Hong Kong stock trading volume, will deliver better performance in the near term if the dividend tax on Southbound Trading of Stock Connects is waived.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-03 16:25.)