The mainland will gradually adjust its battery consumption tax policy.
The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration have issued an announcement on adjusting the consumption tax policy for certain battery products, to be implemented in phases starting September 1. Effective September 1, a 2% consumption tax will be levied on mercury-free primary batteries, nickel-metal hydride rechargeable batteries (also known as nickel-hydrogen or NiMH batteries), lithium primary batteries, lithium-ion rechargeable batteries, and vanadium redox flow batteries. Starting September 1, 2027, the consumption tax rate on the aforementioned battery products will increase to 4%. Additionally, effective April 1, 2027, a 2% consumption tax will be imposed on photovoltaic cells (also known as solar cells); from April
July 16 Repurchase Roundup | Companies including Geekplus-W and GCL Technology announced share buybacks, with Geekplus-W spending HK$15.5868 million.
According to a filing disclosed by the Hong Kong Exchange on July 17, Geekplus-W (02590.HK), GCL Technology (03800.HK), and others repurchased shares. ① Geekplus-W (02590.HK) repurchased 1.5 million weighted voting rights shares on July 16, for a total consideration of HK$15.5868 million, at prices ranging between HK$10.69 and HK$10.28 per share. Since the adoption of the share repurchase mandate, the company has cumulatively repurchased 12.8 million securities, representing 1.25% of the issued share capital as of the date the ordinary resolution was passed. ② GCL Technology (0380
Selected HKEX Announcements | CITIC Limited's interim profit may exceed RMB 31 billion; Baidu seeks dual primary listing in Hong Kong
① Could CITIC Limited's interim profit exceed RMB 31 billion, and what is its year-on-year growth rate? ② What are the key highlights of Baidu's pursuit of a dual primary listing in Hong Kong?
GCL Technology (03800) repurchased 20 million shares on July 16 at a cost of HK$12.2 million.
GCL Technology (03800) announced that on July 16, 2026, the company repurchased 20 million shares at a cost of HK$12.2 million.
July 15 Buyback Roundup | Xiaomi Group-W, GCL Technology, and others announced share repurchases, with Xiaomi Group-W spending HK$101 million.
According to a filing disclosed by the Hong Kong Exchange on July 16, Xiaomi Group-W (01810.HK), GCL Technology (03800.HK), and others repurchased shares. ① Xiaomi Group-W (01810.HK) repurchased 3.9 million weighted-voting-right shares on July 15, amounting to HK$101 million, with per-share repurchase prices ranging from HK$25.74 to HK$25.88. Since the adoption of the share repurchase mandate, the cumulative number of securities repurchased has reached 79,825,000 shares, representing 0.31% of the issued share capital as of the date the ordinary resolution was passed. ② GCL Technology (0380
GCL Technology Holdings Limited (03800.HK) repurchased 45 million shares on July 15 at a cost of HK$26.712 million.
Gelonghui, July 15 — GCL Technology (03800.HK) announced that on July 15, 2026, it repurchased 45 million shares at a total cost of HK$26.712 million, with the repurchase price ranging from HK$0.59 to HK$0.60 per share.