Guangda Overseas: The rumor of a potential increase in tax rates for financial and internet services is extremely low in credibility, there is no need to worry excessively.

Today, it is rumored that the financial industry and internet value-added services may face the risk of an increase in value-added tax rates, similar to the high tax rates on liquor, causing stock prices of internet companies such as Tencent to fall. Guotai Junan Overseas believes that this rumor is illogical in terms of tax types, laws, and policies, with extremely low credibility, and investors do not need to overinterpret it.