Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Why Haidilao’s US$14.9 million credit line to founder is...
Business & Finance

Why Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculation

Why Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculation
South China Morning Post Tuesday 13 October 2026, 06:00 UTC By Daisy Wu 1 min read
Key Points

Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...

Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...
Haidilao (ORG) China (LOCATION) Haidilao International Holding (ORG) Zhang Yong (PERSON) Hong Kong (LOCATION) Beijing (LOCATION)
Originally published by South China Morning Post Read original →

Related Stories

Cyber attack hits hundreds of French supermarkets, heating fridges to 122°F and sparking fires

Hackers targeted hundreds of French supermarkets in a cyberattack that reportedly caused refrigerators and freezers to overheat, spoiling food and sparking fires. Fridges at French supermarket chains Carrefour, Monoprix, the Les Mousquetaires-owned Intermarché, and Coopérative U, among others, all saw fridges heat up to as much as 50 degrees Celsius (122 degrees Fahrenheit) overnight, Reuters reported on Monday. Coopérative U's CEO Dominique Schelcher confirmed that cyberattacks had affected...

CNBC 7m ago

Michael Dell-backed firm spent $375m upgrading Boca Raton resort; 40% condos sold

A $875 million investment in a historic Florida resort is expanding into the luxury residential market, with wealthy buyers showing early interest in its planned condominiums. According to the New York Post, around 40% of the first 75 luxury residences planned at The Boca Raton resort have already been claimed. The project follows the 2019 acquisition of the property by a firm backed by billionaire Michael Dell and approximately $375 million in subsequent renovations and upgrades, as...

Times of India 11m ago

LVMH Sales in Mainland China Fall by Double Digits

Oct 13th, 2026 LVMH Sales in Mainland China Fall by Double Digits LVMH's sales in mainland China dropped by double digits in the third quarter, adding to doubts about the durability of a broader luxury recovery. Bloomberg's Angelina Rascouet reports.

Bloomberg Markets 11m ago

Asian Chipmakers Fall on Breakthrough by China's CXMT

Bloomberg The China Show Oct 13th, 2026 Asian Chipmakers Fall on Breakthrough by China's CXMT “Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Bloomberg Markets 23m ago