Chinese Sugar-Substitute Stocks Jump on Sugar Tax Report

Shares of artificial-sweetener manufacturers in China rise after a report that the government is considering imposing higher taxes on beverages with the greatest sugar content.

• If approved, the sugar levy is likely to become part of the existing consumption tax regime, allowing for fast implementation, though exact timing for introduction is unclear, according to the Financial Times
• Read: China Mulls Higher Taxes on Drinks With Most Sugar Content: FT
• Baolingbao Biology shares rise as much as the 10% limit in Shenzhen; Shandong Sanyuan Biotechnology +10%, Anhui Jinhe Industrial +9.5%

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