Investors cheer as China wraps up two-year tech crackdown

Investors are cheering the confirmation that China is ending a two-year long crackdown on its tech sector. A top Chinese central bank official said rectification of the financial businesses of 14 internet firms has been completed. Chinese tech stocks listed in Hong Kong jumped -- internet and gaming giant Tencent gained 3.6%, while Alibaba soared nearly 9% to a six-month high.

Follow us:

[outerspace]

Actually the second term is tech crackdown and third term will back to normal. All planned. Wait and see

[abadepill]

Covid policy open for travelling again economy will improve every soon

[ang]

Have the lessons from the past year been forgotten ? Investors must have short term memory or it is just a red herring for CNA to pick up.

[chaz]

Jai Hinduja. The old horse had retired for now. The Rich are now running to foreign land to stir fry the market and we are witnessing those unfortunate renters had to cough out a lot and some may say, cough blood