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 jumped 1.4% as of the mid-day break, led by materials and technology stocks. Hong Kong’s Hang Seng Index climbed 2.6%, lifted by gains of at least 8% in Meituan and Tencent Holdings Ltd. Technology shares extended gains after a CNBC 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 listing.
China Stocks Rally as Beijing Escalates Efforts to Calm Market - Bloomberg
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