Mainland China stocks listed in Hong Kong rebounded sharply on 4th. There are persistent speculations that the Chinese authorities will formulate a plan to phase out the “zero coronavirus” policy that completely suppresses the novel coronavirus.
The Hang Seng China Enterprises (H Shares) index of mainland China stocks rose 5.2% at one point. It’s up about 8% this week. An unconfirmed social media post that a committee has been set up to evaluate multiple scenarios on how to get out of zero crown has spread and the stock price has gained momentum.
Tech stocks rose sharply, with the Hang Seng Tech index up more than 6%.
Hong Kong-listed mainland China shares rise due to unconfirmed posts about exiting the zero crown
news-rsf-original-reference paywall">Original title:Chinese equities point to the best week of the past two years between the reopening of bets(extract)
