China stocks rise on reopening hopes
Market sentiment bolstered by unconfirmed posts on social media that Covid rules could be eased early next year。
Chinese stocks shot higher on Friday, amid rumours that the country could begin reopening to the rest of the world early next year and reports that US regulators had completed a review of Chinese audit reports earlier than expected.
The Hang Seng China Enterprises index rose 8 per cent, while the CSI 300 index of Shanghai And Shenzhen listed shares jumped 3.7 per cent. The leap for the China Enterprises index put it on track for its best week since 2015.
恒生中国企业指数(Hang Seng China Enterprises index)上涨8%，沪深300指数(CSI 300)上涨3.7%。中国企业指数此次大涨有望使它创下自2015年以来表现最好的一周。
Market sentiment was bolstered by rumours circulating on social media that Zeng Guang, the former head of China’s Center for Disease Control and Prevention, had said at a conference held by Citigroup that the country could reopen its border with Hong Kong in early 2023, with more relaxations on international border controls to follow.