China Tech Stocks Rally on Growing Signs Long Crackdown Is Over

(Bloomberg) — There are growing signs the tide is turning for Chinese technology shares after a years-long crackdown that wiped out as much as three-quarters of their market value.

A gauge of mainland tech stocks listed in Hong Kong advanced for a third day following rare praise from the nation’s top economic planner and news that government officials had met with six of the largest companies in the sector last week.