Better sentiment on China’s pro-growth policies is fanning more gains in local markets. Shutterstock Images
Better sentiment on China’s pro-growth policies is fanning more gains in local markets. Shutterstock Images
Hong Kong stock market
Business /  China Business

Alibaba, Tencent power Hong Kong stocks as China ends fintech clampdown while reopening boosts Macau casino outlook

  • Gains added to the Hang Seng Index’s best start to a year since 1999 as Alibaba Group led tech winners
  • The rectification in the financial businesses of platform companies ‘has basically finished’, CBIRC boss Guo Shuqing says, following a reorganisation at Ant Group

Mia Castagnone
Mia Castagnone

Updated: 4:32pm, 9 Jan, 2023

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Better sentiment on China’s pro-growth policies is fanning more gains in local markets. Shutterstock Images
Better sentiment on China’s pro-growth policies is fanning more gains in local markets. Shutterstock Images
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