People line up for PCR tests for Covid-19 in Chaoyang district in Beijing on December 4, 2022. Photo: EPA-EFE
People line up for PCR tests for Covid-19 in Chaoyang district in Beijing on December 4, 2022. Photo: EPA-EFE

China’s Covid pivot drives Hong Kong stocks to 3-month high as funds pick up likely winners Alibaba, Tencent

  • Top-tier cities including Shanghai, Beijing and Guangzhou are loosening Covid-related curbs after anti-lockdown protests
  • Global funds scooped up US$8.5 billion of onshore Chinese stocks in November, the most since June; halted a two-month sell-off

People line up for PCR tests for Covid-19 in Chaoyang district in Beijing on December 4, 2022. Photo: EPA-EFE
People line up for PCR tests for Covid-19 in Chaoyang district in Beijing on December 4, 2022. Photo: EPA-EFE
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