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KraneShares-CSI-China-Internet  on July 10, 2023


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China Tech ETFs Set to Rally as Regulatory Crackdown Eases - Yahoo Finance

Chinese tech stocks listed in Hong Kong surged on Jul 10 on hopes that the government's years-long crackdown on the sector may soon end. The expectations could be attributed to the Chinese authorities’ imposition of more than $1 billion in fines on Ant Group and Tencent Holdings, two major tech companies, which was seen as a step toward resolving the regulatory assault that had previously impacted the market.Additionally, Ant Group’s proposal to buy back as much as 7.6% of its shares also added to the strength. The Hang Seng Tech Index rose 3.2%, with Alibaba Group Holding BABA leading the gains with a 5.6% increase.

Yahoo     Jul 10, 2023