China has begun operating the Hainan free trade port in a landmark move signalling Beijing’s commitment to opening up.
SHANGHAI: China and Hong Kong stocks rose today, buoyed by signs of continued money inflows, and the creation of a free trade port in the tropical island of Hainan.
China’s blue-chip CSI300 Index closed up 1%, while the Shanghai Composite Index gained 0.7%.
In Hong Kong, the Hang Seng index climbed 0.4%.
Wingtech Technology co-chairwoman Ruby Yang says the global chip supplies remain at risk unless the Chinese company’s control over Dutch chipmaker Nexperia BV is restored.
Oracle tech tycoon Larry Ellison is offering a US$40.4 billion personal guarantee to back Paramount’s hostile bid for Warner Bros Discovery.