China Vice Premier Liu soothes tech firms, supports overseas listings – Reuters.com

China’s Vice Premier Liu He exits the office of the U.S. Trade Representative following a morning round of negotiations on the second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Leah Millis/Files

SHANGHAI, May 17 (Reuters) – Chinese Vice-Premier Liu He made soothing comments to tech executives on Tuesday, saying the government supported the development of the sector and public listings for technology companies in further signs a crackdown on the sector is easing.

Liu was speaking at a meeting convened by China’s top political consultative body, the Chinese People’s Political Consultative Conference (CPPCC).

Footage of the meeting broadcast by CCTV showed the founders of search engine giant Baidu Inc (9888.HK) and mobile security software maker Qihoo 360 (601360.SS) – Robin Li and Zhou Hongyi, respectively – in attendance, confirming a Reuters report.

The unprecedented regulatory crackdown, which began in late 2020, has hit Chinese technology companies…

Read Full Story: https://www.reuters.com/world/china/china-vice-premier-liu-speak-key-meeting-with-tech-execs-sources-2022-05-17/

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source: https://news.oneseocompany.com/2022/05/17/china-vice-premier-liu-soothes-tech-firms-supports-overseas-listings-reuterscom_2022051720066.html

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