Chinese Stocks in Hong Kong Rise Following Meeting with Entrepreneurs
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Chinese stocks in Hong Kong rose after President Xi Jinping met with entrepreneurs, indicating Beijing's support for the private sector, while the CSI 300 Index fell.
Chinese stocks in Hong Kong experienced a slight increase after a meeting between President Xi Jinping and notable entrepreneurs suggested backing from Beijing for the private sector.
During early Tuesday trading, the Hang Seng China Enterprises Index saw a rise of up to 1%, with technology stocks such as Alibaba Group Holding Ltd. and Xiaomi Corp. leading the gains. In contrast, the CSI 300 Index, which serves as an onshore benchmark, recorded a decline.
