According to the individual income tax law, stock trading may belong to the income from property transfer, so there is no need to pay individual income tax. According to the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on Continued Temporary Exemption from Individual Income Tax on Income from Individual Transfer of Stocks (Caishuizi [1998] No.61), from 1997 1. However, the shares transferred by individuals belong to unlisted companies, and the income of shares listed overseas shall be subject to personal income tax according to the income from property transfer.