HK Stock Market Move | POP MART (09992) rose more than 3% in the afternoon. Duan Yongping said he has already converted all of his Shenhua holdings into POP MART.

POP MART (09992) rose sharply during the midday session, with an increase of over 3% in the afternoon. As of the time of writing, it was up 3.2% to 161.3 Hong Kong dollars, with a turnover of 2.231 billion Hong Kong dollars. On the news front, well-known investor Duan Yongping said on social media this morning that he had switched from investing in Shenhua to POP MART. Since March of this year, Duan Yongping has been continuously commenting on POP MART on social media. He posted saying he "withdraws" his previous statement that he wouldn't buy POP MART. After reading the 2025 annual report of POP MART, he expressed excitement that he hadn't felt in a long time. In early April, Duan Yongping officially announced that he was waiting for the opportunity to buy into POP MART. He then started buying POP MART stocks by selling put options. He also mentioned that he is a fan of POP MART's founder, Wang Ning, and highly appreciates his management abilities.