China food delivery stocks surge as regulators signal end to destructive price wars

Shares of China’s leading food delivery platforms jumped sharply after regulators and state media signaled a push to end prolonged price wars that have weighed heavily on profitability across the sector. Meituan led gains in Hong Kong trading, rising more than 12 percent

China Tightens Market Oversight to Guide a Steadier Equity Rally

China’s financial regulators are moving to cool overheated trading activity as stock markets extend a strong rally, signaling a clear preference for stability over rapid gains. As international investors gradually turn their attention back toward Chinese assets, policymakers are aiming to encourage a