ZTO Express' HK shares eye best day ever after Jiuzi deal
12/01/2022 02:57
** Hong Kong shares of Chinese express delivery services
provider ZTO Express (Cayman) Inc 2057.HK surge 12.8% to
HK$259.20, the biggest daily percentage gain since debut in
September 2020
** Stock tracks gains in U.S.-listed shares ZTO.N , which
jumped 7.7% in their best day since Nov. 18
** Hong Kong stock hits the highest since Nov. 19, on track
for a third straight session of gain
** New energy vehicles retailer Jiuzi Holdings JZXN.O says
it signs a strategic cooperation agreement with Shanghai
Zhongtongji E-Commerce, an e-commerce services provider founded
by senior management of ZTO Express, to explore application and
sales of new energy delivery vehicles urn:newsml:reuters.com:*:nFWN2TR0OA
** Express deliverers are seen to benefit as China postal
authority proposes changes to country's express delivery rules
which includes ones aimed at stamping out unfair competition and
improving the protection of employee rights urn:newsml:reuters.com:*:nL1N2TN03Q
** The Hang Seng Commerce & Industry Index .HSNC jumps
3.2% and Hang Seng Composite Index tracking utilities .HSCIU
gains 0.4%
** The Hang Seng China Enterprises Index .HSCE rises 1.8%
and the Hang Seng Index .HSI climbs 1.7%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))