The turmoil surrounding Chinese hotpot chain restaurant operator Haidilao International Holding could serve as a warning to investors of the risks stemming from Beijing’s new taxation regime on overseas assets held by wealthy individuals. A plan by Shu Ping, the co-founder and wife of Haidilao chairman Zhang Yong, to sell 259 million shares – a 4.65 per cent stake – sent the stock plunging 10 per cent in Hong Kong this week. While Haidilao said the stake reduction, which stands to generate about...
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Business
September 11, 2026 at 6:00 AM
Haidilao’s stock rout exposes risk from Beijing’s taxation crackdown as payment day looms
SCMP Business