China says it will support Chinese IPOs abroad, calls for closure on tech crackdown - 180 degree turn on Chinese stocks
Chinese and U.S. regulators are progressing toward a cooperation plan on U.S.-listed Chinese stocks, state media said, citing a financial stability meeting Wednesday chaired by Vice Premier Liu He.
Days of worries about U.S. delisting risks, on top of existing concerns about economic growth, had sent Chinese stocks plunging in New York and Hong Kong.
Hong Kong’s Hang Seng Index surged in Wednesday afternoon trading, after closing Tuesday at fresh lows not seen in more than six years.
$Alibaba (BABA.US)$ $Tencent (TCEHY.US)$ $NIO Inc (NIO.US)$ $Baidu (BIDU.US)$ $JD.com (JD.US)$
Days of worries about U.S. delisting risks, on top of existing concerns about economic growth, had sent Chinese stocks plunging in New York and Hong Kong.
Hong Kong’s Hang Seng Index surged in Wednesday afternoon trading, after closing Tuesday at fresh lows not seen in more than six years.
$Alibaba (BABA.US)$ $Tencent (TCEHY.US)$ $NIO Inc (NIO.US)$ $Baidu (BIDU.US)$ $JD.com (JD.US)$
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