Chinese stocks trading in the U.S. rocket higher after China signals stimulus for the shares

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Assessment: Central bank stimulus = a surging stock market …

  • Shares of Chinese companies listed publicly in the U.S. surged Wednesday as China on Wednesday signaled support for the stocks.
  • Regulators from both countries are progressing toward a cooperation plan on U.S.-listed Chinese stocks, according to Chinese state media.
  • The move comes as ADRs of Chinese companies have been beaten down recently amid regulatory and delisting fears.

“And do not harm the oil and wine” Rev. 6:6

A pedestrian walks past the Alibaba headquarters building in Beijing.

Shares of Chinese companies listed publicly in the U.S. surged Wednesday as China on Wednesday signaled support for the stocks.

Regulators from both countries are progressing toward a cooperation plan on U.S.-listed Chinese stocks, according to Chinese state media. The report cited a meeting Wednesday chaired by Vice Premier Liu He, who heads China’s finance committee.

The Chinese government supports the listing of companies overseas and said its crackdown on technology companies should end soon, the state media report said.

Read More @ CNBC HERE