The ChiNext index of small companies rose to a six-year high last week in Shenzhen. Photo: Xinhua The ChiNext index of small companies rose to a six-year high last week in Shenzhen. Photo: Xinhua
The ChiNext index of small companies rose to a six-year high last week in Shenzhen. Photo: Xinhua

China’s crackdown on its internet giants fuels demand for its onshore tech stocks

  • Technology stocks have largely been shielded from Beijing’s clampdown, as they are engaged in businesses that are underpinned by policy support
  • Cut in banks’ reserve requirement ratio may further aid Chinese technology stocks trading onshore, according to brokerages

Topic |   Hong Kong stock market
The ChiNext index of small companies rose to a six-year high last week in Shenzhen. Photo: Xinhua The ChiNext index of small companies rose to a six-year high last week in Shenzhen. Photo: Xinhua
The ChiNext index of small companies rose to a six-year high last week in Shenzhen. Photo: Xinhua
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