More than 3,000 movie theatres in mainland China, about a quarter of the total, have been closed for business this year. Photo: Reuters More than 3,000 movie theatres in mainland China, about a quarter of the total, have been closed for business this year. Photo: Reuters
More than 3,000 movie theatres in mainland China, about a quarter of the total, have been closed for business this year. Photo: Reuters

Green light to reopen cinemas fails to ignite movie stocks as traders see Chinese filmgoers avoiding theatres while Covid-19 risk lingers

  • A gauge of companies from cinema chains to studios has gained just 0.7 per cent since Beijing said on Friday night that cinemas can reopen after lockdown
  • Even in the best-case scenario, China’s box office will fall more than 40 per cent this year, according to brokerage Northeast Securities

Topic |   China stock market
More than 3,000 movie theatres in mainland China, about a quarter of the total, have been closed for business this year. Photo: Reuters More than 3,000 movie theatres in mainland China, about a quarter of the total, have been closed for business this year. Photo: Reuters
More than 3,000 movie theatres in mainland China, about a quarter of the total, have been closed for business this year. Photo: Reuters
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