Affected by the news of taxation on Hong Kong insurance, some Hong Kong insurance stocks have plummeted.

On the morning of August 6, Hong Kong insurance stocks, including AIA and Prudential, collectively declined. On August 5, some media reported that individual policyholders of Hong Kong insurance have received tax payment notifications for overseas income, and the insurance benefits from Hong Kong are now subject to taxation. The applicable tax rate is currently 20%, and the places involved in taxable cases include: Beijing and Hangzhou, Zhejiang. Reporters interviewed intermediaries engaged in Hong Kong insurance business for many years, legal professionals from family offices, and personnel from private wealth management firms. They all indicated that there has not yet been any client feedback regarding tax payment notifications, but they generally believe that the taxation of Hong Kong policy benefits is to be expected.