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Chinese stocks are soaring this month with Hong Kong-listed shares in e-commerce giant Alibaba up 31% amid signs China’s regulatory crackdown is thawing and strict Covid-19 controls are being relaxed.
Good news from ride-hailing company DiDi Global Monday lifted optimism as Hong Kong’s Hang Seng closed at a six-month high, up 0.037% to 21,746.42. DiDi said it would resume new user registrations following a cybersecurity review. Chinese regulators had accused DiDi of flouting data-security laws—last June it delisted from the New York Stock Exchange.
