According to a report issued by Lyon, the media quoted sources that the China Securities Regulatory Commission and the State Administration of Taxation are reviewing a plan submitted by Hong Kong to exempt Hong Kong Stock Connect from 20% profits tax on dividends. If this proposal is implemented, it is believed that the dividend yield gap between A shares and H shares will narrow. H-share bank shares will be the main beneficiaries because their dividend rates are very attractive, and state-owned banks with the highest dividend rates will benefit the most. Lyon is still optimistic about CCB, which has a large dividend ratio gap between A shares and H shares. The dividend gap between H shares and A shares is 2.7 percentage points; they are also all optimistic about ICBC. The spread between H shares and A shares is 2.1 percentage points.