A Chinese investor monitors stock prices at a brokerage house in Beijing on August 20, 2019. Photo: Associated Press

China, Hong Kong stocks gain, with President Xi Jinping setting off a frenzy of buying of blockchain-related stocks

  • HSBC falls 2.3 per cent after reporting worse-than-expected results
  • Meituan, Xiaomi rise after becoming available on Stock Connect to mainland traders
Topic |   Stocks

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A Chinese investor monitors stock prices at a brokerage house in Beijing on August 20, 2019. Photo: Associated Press
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Chinese President Xi Jinping has called for more research and investment into blockchain technology. Shutterstock

Chinese President Xi Jinping calls for more research, investment into blockchain technology

  • ‘Greater effort should be made to strengthen basic research and boost innovation capacity,’ leader tells Communist Party’s elite
  • Technology can be used to ‘empower industries, increase efficiency and lower costs’, industry expert says
Topic |   Blockchain

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Chinese President Xi Jinping has called for more research and investment into blockchain technology. Shutterstock
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