Lates News

On August 5, the Hong Kong Stock Exchange disclosed a change in equity information: Duan Yongping's long position in Pop Mart, held through H&H International Investment, decreased from 7.65% to 5.55% on July 30, a drop of 2.1 percentage points. Pop Mart stated that this decline in shareholding was not due to direct selling and reduction in the secondary market, but rather a result of the fulfillment of options contracts, delivering the corresponding shares as per the trading agreement. A capital market analyst further explained that Duan Yongping's change in shareholding is closely related to the price range he set when he previously sold puts and calls, noting that "the main reason is that the price range was set relatively narrow, indicating short-term trading behavior and not an active reduction in holdings as generally understood." This points to Duan Yongping's signature "option rental" strategy, where he sells options to earn premiums while holding the underlying stock, and when the stock price hits the exercise price, he passively delivers or receives shares. (Everyday Economic News)