HK tech shares rise after Beijing signals support to payment, fintech firms


Source: marketscreener.com marketscreener.com

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SHANGHAI, June 23 (Reuters) - China tech firms listed in Hong Kong rose on Thursday, after Chinese President Xi Jinping signalled support to the country's leading payment and fintech firms in the latest indication that Beijing is easing its regulatory crackdown on the sector. Xi chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and the fintech sector, state media reported. The Hang Seng Tech Index shed gains after rising as much as 2% earlier in the session. Hong Kong-listed shares of Alibaba Group Holding Ltd rose more than 2%....