November 30 — The Ministry of Finance released new information today which shed more light on the taxes that individuals are required to pay from the transfer or sale of
restricted shares of listed companies, reports ce.cn.

According to the notice, individuals are required to pay individual income taxes for each transfer of the restricted shares of listed companies.

Individuals using the restricted shares they hold to subscribe to open-ended exchange traded funds (ETFs) and who accept tender offers arising from an acquisition are liable for
the tax as well.