China Everbright Overseas: The rumor of "increased tax rates on financial and internet services" has very low credibility and does not require excessive concern

Today it was reported that the financial industry and internet value-added services (such as in-game purchases and advertising) may face the risk of an increase in value-added tax rates, drawing a comparison to the high tax rates on liquor, which has led to a decline in the stock prices of internet companies like Tencent. Everbright Overseas believes that this rumor is untenable in terms of tax categories, legal and policy logic, and has very low credibility, so investors need not overinterpret it