Xu Liusheng sells Hong Kong luxury flat for HK$115 million, netting 109% gain
Chinese retail investor Xu Liusheng has reportedly sold a mid-level unit at Grosvenor Place on Repulse Bay Road, Hong Kong, for approximately HK$115 million. Purchased in October 2007 for HK$55 million, the 1,975-square-foot property yielded a book profit of about HK$60 million (109% appreciation). Xu, previously fined by the CSRC in 2017 for stock manipulation, also bought a Deep Water Bay house for HK$342 million in November 2025.
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Chinese Stock Market Tycoon Xu Liusheng Reportedly Lists Hong Kong Luxury Flat for 115 Million HKD
Xu Liusheng, a well-known Chinese retail investor or 'niusan,' is reportedly listing a mid-level unit at Grosvenor Place on Repulse Bay Road in Hong Kong for approximately 115 million HKD, including one parking space. The 1,975-square-foot property, purchased in October 2007 for 55 million HKD, would yield a book profit of about 60 million HKD (109% appreciation) if sold. Market observers view this as a profit-taking move amid a strengthening luxury property market. Xu has been active in Hong Kong's luxury real estate, having purchased a house on Deep Water Bay Road for 342 million HKD in November 2025. The report also highlights Xu's past as a prominent A-share market investor who was penalized by the China Securities Regulatory Commission (CSRC) in 2017. The CSRC fined him a total of 110 million yuan (confiscating 37.017 million yuan in illegal gains plus a 74.0341 million yuan penalty) for manipulating 37 stocks using techniques such as large-scale limit-up orders and intraday price ramping.
Read sourceA-Share 'Niu San' Xu Liusheng Lists Hong Kong Luxury Home for HK$115 Million
Xu Liusheng, a well-known individual investor ('niu san') in China's A-share market, has reportedly listed a mid-level unit at Grosvenor Place, 117 Repulse Bay Road, Hong Kong, for approximately HK$115 million, including one parking space. The 1,975-square-foot property, purchased in October 2007 for HK$55 million, would yield a book profit of about HK$60 million (109% gain) if sold. The report, citing Hong Kong 01 and property agents, notes that Xu has been active in Hong Kong's luxury home market, having bought a house at 39 Deep Water Bay Road for HK$342 million in November 2025. Xu was previously penalized by the China Securities Regulatory Commission (CSRC) in 2017 for manipulating 37 stocks, resulting in confiscation of illegal gains of 37.017 million yuan and a fine of 74.0341 million yuan, totaling about 110 million yuan. The CSRC found he used large-sum limit-order purchases and intraday price manipulation techniques. Market observers view the listing as a profit-taking move amid a strengthening luxury home market.
A-Share Notorious Retail Investor Xu Liusheng Reportedly Lists Hong Kong Luxury Home for Sale
According to a report by Hong Kong 01, Xu Liusheng, a well-known 'retail tycoon' in A-shares, has reportedly listed a mid-level unit at Grosvenor Place, 117 Repulse Bay Road, for approximately HK$115 million, including one parking space. The unit has a usable area of 1,975 square feet, with a transaction price per square foot of about HK$58,200. If the deal is finalized, Xu, who purchased the property in October 2007 for HK$55 million, would book a paper profit of about HK$60 million, a gain of roughly 109% over nearly 20 years of holding. Market observers suggest that while the Hong Kong luxury home market has recently strengthened, some early investors are cashing out to lock in profits. Xu Liusheng was previously fined a total of approximately 110 million yuan by the China Securities Regulatory Commission (CSRC) in 2017 for manipulating 37 stocks, including using methods such as continuous trading and large-scale limit-up orders. The article notes Xu has been active in Hong Kong's luxury property market, having purchased a house at 39 Deep Water Bay Road for HK$342 million in November 2025.
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China's 'Most Bullish Retail Investor' Xu Liusheng Sells Hong Kong Luxury Flat for HK$115 Million
Xu Liusheng, known as one of China's 'most bullish retail investors,' has reportedly sold a luxury apartment at Grosvenor Place on Repulse Bay Road in Hong Kong for approximately HK$115 million (US$14.7 million). The 1,975-square-foot unit, sold with a parking space, was purchased by Xu in October 2007 for about HK$55 million, yielding a gain of roughly HK$60 million or a 109% appreciation over nearly 20 years. Xu, a 58-year-old Fudan University graduate and former chairman of Shenzhen Kaifu Investment Development Co., is known for high-frequency trading and leveraged bets during the 2008 market downturn. However, in 2017, China's securities regulator fined him a total of about HK$111 million for manipulating 37 stocks in 2015 through tactics like large-scale limit-up orders and price lifting. Separately, in November 2025, Xu reportedly purchased a house on Deep Water Bay Road from a relative of雅居乐 Group chairman for HK$342 million.
Read sourceChina's 'Most Bullish Retail Investor' Xu Liusheng Sells Hong Kong Luxury Flat for HK$115 Million
Xu Liusheng, a prominent Chinese retail investor known as the 'most bullish retail investor,' has reportedly sold a luxury apartment at Grosvenor Place in Hong Kong's Repulse Bay for approximately HK$115 million (US$14.7 million). The 1,975-square-foot unit, purchased for about HK$55 million in October 2007, has appreciated by roughly 109% over nearly 20 years. Xu, 58, a Fudan University graduate and former chairman of Shenzhen Kaifu Investment Development Co., is known for high-frequency trading strategies. He gained fame for leveraging during the 2008 market downturn. However, in 2017, China's securities regulator fined him a total of about HK$111 million for manipulating 37 stocks in 2015. Separately, in November 2025, Xu reportedly bought a HK$342 million house in Deep Water Bay from a relative of雅居乐 Group chairman Chen Zhuolin. The report is based on Hong Kong 01 media and public records.