A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai on February 7, 2022. Months of crackdowns on the tech sector have taken a heavy toll on related Chinese stocks, on domestic and foreign exchanges, but restrictive measures could start to ease. Photo: Bloomberg
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai on February 7, 2022. Months of crackdowns on the tech sector have taken a heavy toll on related Chinese stocks, on domestic and foreign exchanges, but restrictive measures could start to ease. Photo: Bloomberg
China’s crackdowns
Tech /  Big Tech

New China policies to support Big Tech platforms in innovation, globalisation, official newspaper says

  • News of the policies aligns with political messaging in Beijing that the months-long crackdowns on the tech sector would start to ease
  • Crackdowns that started at the end of 2020 have wiped about US$2 trillion in value from Chinese tech stocks, compounding pandemic-fuelled economic woes

Tracy Qu
Tracy Qu in Shanghai

Updated: 7:00pm, 5 May, 2022

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A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai on February 7, 2022. Months of crackdowns on the tech sector have taken a heavy toll on related Chinese stocks, on domestic and foreign exchanges, but restrictive measures could start to ease. Photo: Bloomberg
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai on February 7, 2022. Months of crackdowns on the tech sector have taken a heavy toll on related Chinese stocks, on domestic and foreign exchanges, but restrictive measures could start to ease. Photo: Bloomberg
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