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NTES — NetEase News Story

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TechnologyAdventurousLarge CapHigh Flyer

BUZZ-China ADRs climb on positive regulatory news, policy actions

    ** U.S-listed shares of major Chinese firms climb in early
afternoon trading 
    ** Alibaba Group Holding Ltd  BABA.N , Baidu  BIDU.O , Didi
Global  DIDI.N  and JD.com  JD.O , up 4.6%-11.2%   
    ** Shares rally as China denied plans to crackdown on local
tech cos, while its cenbank cut a set of key policy rates and
lending benchmarks to prop up a slowing economy  urn:newsml:reuters.com:*:nL1N2U002I
    ** China's cyberspace regulator on Wednesday denied plans to
issue new guidelines requiring local internet cos to seek
approval for new investments and fundraising  urn:newsml:reuters.com:*:nL1N2TZ0DK
    ** Gaming co NetEase Inc  NTES.O , online video platform
IQIYI  IQ.O , music-streaming co Tencent Music  TME.N , online
discount retailer Vipshop  VIPS.N , e-commerce platform
Pinduoduo  PDD.O  and mobile game publisher Bilibili  BILI.O 
rise between 2.3% and 9.6% 
    ** Online education cos New Orient Education  EDU.N , TAL
Education  TAL.N , Zhangmen Education  ZME.N  add 3.1%-4.3% 
    ** IShares MSCI China ETF  MCHI.O , Invesco China Technology
ETF  CQQQ.K , iShares China Large-Cap ETF  FXI.N  and
KraneShares CSI China Internet ETF  KWEB.K  climb between 4.2%
and 7%

 (Reporting by Ruhi Soni, Yuvraj Malik and Devik Jain)
 ((Ruhi.Soni@thomsonreuters.com ; Twitter: https://twitter.com/ruhithere

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