The Economic Information Agency reported on the 21st that Pop Mart (09992) is currently down 3.2%, trading at HK$137.7. At current prices, the stock has declined for four consecutive days, with a cumulative drop of 8.3%. The stock's turnover amounted to approximately 16.64 million shares, involving HK$2.289 billion.
Mainland China is strengthening the collection of taxes on offshore trust income, requiring taxpayers to file declarations legally before the transitional period ends on October 22. Market concerns over major shareholders reducing stakes to raise cash for tax payments have intensified sharply. Bloomberg analysis indicates that this new tax regulation could affect eight wealthy individuals, including Pop Mart founder Wang Ning, who holds about USD 10.2 billion in offshore assets. Bloomberg reported that previously, founders of companies such as Haidilao (06862) and Kan Zhun.com have already reduced their shareholdings by hundreds of millions of dollars in response to the new rule to raise cash for taxes.
According to Bloomberg's analysis, these eight billionaires are founders of some of China's most well-known enterprises and have established trusts in tax havens such as the British Virgin Islands and the Cayman Islands. They include Ding Lei, founder of the online game developer NetEase, who has about USD 37 billion in offshore wealth; Huang Zheng, founder of e-commerce giant Pinduoduo, who holds approximately USD 29 billion in offshore assets. Others include Xiaomi (01810) founder Lei Jun (USD 20.7 billion), Hansoh Pharmaceutical (03692) founder Zhong Huijuan (USD 15.8 billion), Zhang Bo and family of China Hongqiao (01378) (USD 15.4 billion), Pop Mart founder Wang Ning (USD 10.2 billion), Yang Shaopeng of SITC International (01308) (USD 6.9 billion), and Ding Shizhong of Anta Sports (02020) (USD 5.2 billion).
Additionally, Pop Mart yesterday, after a gap of 33 days, unusually entered the top ten trading list of both "Stock Connect (Shanghai)" and "Stock Connect (Shenzhen)." In "Stock Connect (Shanghai)," northbound funds bought HK$852 million and sold HK$734 million throughout the day, resulting in net buying of HK$118 million; in "Stock Connect (Shenzhen)," northbound funds bought HK$399 million and sold HK$413 million for the day, leading to net selling of HK$13.55 million. (nw)
Mainland China is strengthening the collection of taxes on offshore trust income, requiring taxpayers to file declarations legally before the transitional period ends on October 22. Market concerns over major shareholders reducing stakes to raise cash for tax payments have intensified sharply. Bloomberg analysis indicates that this new tax regulation could affect eight wealthy individuals, including Pop Mart founder Wang Ning, who holds about USD 10.2 billion in offshore assets. Bloomberg reported that previously, founders of companies such as Haidilao (06862) and Kan Zhun.com have already reduced their shareholdings by hundreds of millions of dollars in response to the new rule to raise cash for taxes.
According to Bloomberg's analysis, these eight billionaires are founders of some of China's most well-known enterprises and have established trusts in tax havens such as the British Virgin Islands and the Cayman Islands. They include Ding Lei, founder of the online game developer NetEase, who has about USD 37 billion in offshore wealth; Huang Zheng, founder of e-commerce giant Pinduoduo, who holds approximately USD 29 billion in offshore assets. Others include Xiaomi (01810) founder Lei Jun (USD 20.7 billion), Hansoh Pharmaceutical (03692) founder Zhong Huijuan (USD 15.8 billion), Zhang Bo and family of China Hongqiao (01378) (USD 15.4 billion), Pop Mart founder Wang Ning (USD 10.2 billion), Yang Shaopeng of SITC International (01308) (USD 6.9 billion), and Ding Shizhong of Anta Sports (02020) (USD 5.2 billion).
Additionally, Pop Mart yesterday, after a gap of 33 days, unusually entered the top ten trading list of both "Stock Connect (Shanghai)" and "Stock Connect (Shenzhen)." In "Stock Connect (Shanghai)," northbound funds bought HK$852 million and sold HK$734 million throughout the day, resulting in net buying of HK$118 million; in "Stock Connect (Shenzhen)," northbound funds bought HK$399 million and sold HK$413 million for the day, leading to net selling of HK$13.55 million. (nw)