Chinese movie stars such as Zhao Wei and Zhang Ziyi suffered from the recent stock market slide in the Chinese mainland and Hong Kong.
Actress Zhao Wei and her husband have 1.93 billion shares in Alibaba Pictures which is listed on the Hong Kong stock market. Zhao also has 1.17 million shares in Talent International Film Co. Ltd. After the markets plunged, Zhao and her husband's fortune fell by about 3.6 billion yuan (US$570 million) from the peak.
Zhang Ziyi, who had nine million shares in Dalian Wanda Commercial Properties, purchased through her mother Li Zhuosheng. By July 7, her fortune had declined by HK$470 million (US$60.63 million) compared to the peak. Actress Fan Bingbing, who is one of the top 10 shareholders of Talent International Film Co. Ltd., had 1.29 million shares and lost 112 million yuan (US$18 million) by July 7.
Actor Zhang Guoli also saw his fortune shrink by 120 million yuan (US$19.33 million) due to his shares in Huayi Brothers Media Corp. Huayi suspended trading of their shares on Wednesday.
More than half of the approximately 2,800 companies listed on the Shanghai and Shenzhen exchanges suspended trading of their shares to avoid further losses in the recent Chinese stock market turmoil.
But Chinese shares rebounded strongly on Thursday, with the benchmark Shanghai Composite Index leaping 5.76 percent to finish at 3,709.33 points and the Shenzhen Component Index surging 4.25 percent to close at 11,510.34 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, climbed 3.03 percent to end at 2,435.76 points.