Chinese tech giants stage a strong rally in Hong Kong, sending the Hang Seng Tech Index surging nearly 3% at one point.
Bilibili surged 7.5% in the morning session on Wednesday, Kuaishou up 5.5%, Meituan up 4.3%, Baidu up 3.2% and JD.com up 2.7%.
Chinese government departments, including the state planner NDRC recently conducted in-depth study into the development of platform companies including Tencent, Alibaba and Meituan and sorted out several typical investment cases, according to a statement on Wednesday.
The NDRC pledged to work with other departments to support the companies to play a more active role in leading development, creating employment and international competition.
