A group of workers harvest hemp at a farm near Beijing. Photo: Alamy

Mania for China’s hemp-related companies prompts stock regulator to crack down

  • Hemp-related companies listed in Shanghai, Shenzhen and Hong Kong have enjoyed a stellar rise so far this year, but can it last?
  • China is the world’s largest hemp producing country and the biggest exporter of hemp paper and textiles
Topic |   Food and agriculture

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A group of workers harvest hemp at a farm near Beijing. Photo: Alamy
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China’s hemp growers had enjoyed a frenetic rally over the past two months as investors anticipated local governments relaxing controls over the cultivation of the material. Photo: Alamy Stock Photo

Chinese stocks retreat from key 3,000 level as early rally in 5G sector gives way to sell-off in hemp, insurance companies

  • The Shanghai Composite Index lost 0.9 per cent to 2,994.94, having held above the 3,000 threshold until the last 30 minutes of trading
Topic |   China stock market

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China’s hemp growers had enjoyed a frenetic rally over the past two months as investors anticipated local governments relaxing controls over the cultivation of the material. Photo: Alamy Stock Photo
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