China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
- 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. “
I have got couple of Chinese stocks in the bag that are heavy to carry. Does this mean that my bag will be emptied at some point this year?
Submitted March 16, 2022 at 12:41PM by New-to-StockReddit
via reddit https://ift.tt/JO9XKmY