U.S.-listed Chinese Stocks Surge On Support For Digital Platforms

Chinese stocks listed on U.S. exchanges surged on Tuesday after Vice Premier Liu He said the country supports the listing of digital companies in domestic and foreign capital markets, according to Quanshang China, a social media outlet under the Securities Times. The NASDAQ Golden Dragon China Index soared by over 7% after the market opened, the newspaper said. It is necessary to balance the relationship between development and security, as well as handle the relationship between the government and the market well, the newspaper said citing officials’ speeches during the meeting.