Stocks in China and Hong Kong jumped Thursday, after authorities intensified efforts to calm fears about a crackdown on the private education industry and as the central bank pumped liquidity into the financial system.
The CSI 300 Index jumped 1.4% as of the mid-day break, led by materials and technology stocks. Hong Kong’s Hang Seng Index climbed 2.6%, lifted by gains of at least 8% in Meituan and Tencent Holdings Ltd. Technology shares extended gains after a CNBC report said China will continue to allow its companies to go public in the U.S. as long as they meet listing requirements, following Didi Global Inc.’s controversial listing.
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