---
title: "Local Property Stocks Under Pressure as SHK PPT  Slides Over 5% Amid Mainland China's Stronger Taxation on Offshore Income"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295045520.md"
description: "Mainland China's imposition of a 20% personal income tax on offshore insurance gains has pressured local property stocks. Major developers including SHK PPT, CK Asset, Sino Land, Henderson Land, Hang Lung Properties, Swire Properties, and New World Development all saw their shares decline by 2.4% to 5.6%. The market reaction was accompanied by significant short selling activity across these entities."
datetime: "2026-08-06T02:41:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295045520.md)
  - [en](https://longbridge.com/en/news/295045520.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295045520.md)
generator: "portal-rs"
---

# Local Property Stocks Under Pressure as SHK PPT  Slides Over 5% Amid Mainland China's Stronger Taxation on Offshore Income

Reports said Mainland China has begun levying a 20% personal income tax on gains from offshore insurance policies, further strengthening taxation on offshore income. The news weighed on local property stocks broadly. SHK PPT (00016.HK) -6.600 (-5.423%) Short selling $78.41M; Ratio 16.142% now slides 5.6%; CK ASSET (01113.HK) -1.580 (-3.279%) Short selling $25.66M; Ratio 21.296% falls 2.9%; SINO LAND (00083.HK) -0.310 (-2.894%) Short selling $11.44M; Ratio 25.462% drops 2.43%; HENDERSON LAND (00012.HK) -0.940 (-3.326%) Short selling $88.90M; Ratio 42.226% declines 3.26%; HANG LUNG PPT (00101.HK) -0.185 (-2.420%) Short selling $19.33M; Ratio 35.145% falls 2.62%; SWIREPROPERTIES (01972.HK) -0.780 (-3.250%) Short selling $9.46M; Ratio 19.845% drops 2.91%; and NEW WORLD DEV (00017.HK) -0.230 (-3.329%) Short selling $11.47M; Ratio 41.602% declines 3.4%. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-05 16:25.)

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## Related News & Research

- [Why Sino Land (SEHK:83) Is Back In The Spotlight](https://longbridge.com/en/news/297462639.md)
- [SINO LAND Full-Year Underlying Profit Falls 6.4%; Final DPS Kept at HKD0.43](https://longbridge.com/en/news/297624387.md)
- [Citi Slightly Raises SINO LAND  TP to HKD14.3, Maintains Buy Rating](https://longbridge.com/en/news/297726830.md)
- [Sino Land FY26 net profit attributable to shareholders rises 14.18% to HK$ 4.59 billion; revenue climbs 13.32% to HK$ 9.27 billion](https://longbridge.com/en/news/297621285.md)
- [Swire Properties FY26 H1 profit attributable to shareholders returns to profit at HK$3.63 billion; revenue rises 8% to HK$9.41 billion](https://longbridge.com/en/news/297484992.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**