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Caryn7
2023-09-22

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Chinese ADRs Gain As China Mulls Easing Foreign Stake Limits to Lure Global Funds

Chinese ADRs rallied in premarket trading Friday. Alibaba, Baidu Pinduoduo and Li Auto rose 4%; NIO and JD.com rose 3%; XPeng, NetEase and Bilibili rose 6%.

Chinese ADRs Gain As China Mulls Easing Foreign Stake Limits to Lure Global Funds

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Alibaba, Baidu Pinduoduo and Li Auto rose 4%; NIO and JD.com rose 3%; XPeng, NetEase and Bilibili rose 6%.","content":"<html><head></head><body><p>Chinese ADRs rallied in premarket trading Friday. Alibaba, Baidu, Pinduoduo and Li Auto rose 4%; NIO and JD.com rose 3%; XPeng, NetEase and Bilibili rose 6%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68ebbbf87a105c888c39948b38767d4c\" title=\"\" tg-width=\"393\" tg-height=\"665\"/></p><p>China is considering relaxing the rules that cap foreign ownership in domestic publicly traded firms, people familiar with the matter said, as it seeks to lure global funds back to its $9.4 trillion stock market.</p><p style=\"text-align: start;\">Authorities are pondering policy tweaks to boost overseas ownership in stocks listed in Shanghai, Shenzhen and Beijing as part of a push to open up the market and boost trading, the people said, asking not to be identified as the information is private. 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