China says it will support Chinese IPOs abroad, calls for closure on tech crackdown – 180 degree turn on Chinese stocks

• Chinese and U.S. regulators are progressing toward a cooperation plan on U.S.-listed Chinese stocks, state media said, citing a financial stability meeting Wednesday chaired by Vice Premier Liu He.
• Days of worries about U.S. delisting risks, on top of existing concerns about economic growth, had sent Chinese stocks plunging in New York and Hong Kong.
• Hong Kong’s Hang Seng Index surged in Wednesday afternoon trading, after closing Tuesday at fresh lows not seen in more than six years.

www.cnbc.com/2022/03/16/china-says-it-will-support-chinese-ipos-abroad-calls-for-closure-on-tech-crackdown.html

Seems like the course for Chinese stocks is changing?

h/t  stefchou