Stocks in China and Hong Kong jumped Thursday, after authorities intensified efforts to calm fears about a crackdown on the private education industry and as the central bank pumped liquidity into the financial system.
The CSI 300 Index gained as much as 2%, led by materials and industrial stocks. Hong Kong’s Hang Seng Index climbed 3.4%, driven higher as Meituan and Tencent Holdings Ltd. both climbed more than 10%. Technology shares extended gains after a report said China will continue to allow its companies to go public in the U.S. as long as they meet listing requirements, following Didi Global Inc.’s controversial debut.
"Market" - Google News
July 29, 2021 at 08:36AM
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China Stocks Rally as Beijing Intensifies Effort to Calm Market - Bloomberg
"Market" - Google News
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