https://techcrunch.com/2022/03/16/has-chinas-signaled-regulatory-reprieve-come-too-late/

Shares of U.S.-listed Chinese companies, and especially technology concerns, are ripping higher this morning. Driving the day’s trading were comments from Chinese government official Liu He concerning both foreign-listed Chinese shares and the pace of reform in the country’s economy.

Yesterday, The Exchange noted that a selloff of Chinese equities had steepened in recent days; uncertainty regarding the Chinese government’s COVID-19 policies, its closeness to the increasingly ostracized Russian government, rapid-fire regulations on major tech companies, and a shift in government thinking regarding its economy — the “common prosperity” effort — had rattled investors.