China stock markets rally: Potential Xi Jinping-Jack Ma meeting could boost investor confidence

News of Chinese President Xi Jinping’s potential meeting with Alibaba co-founder Jack Ma has further buoyed the country’s soaring tech stocks and is expected to be the next catayst, according to a report by Bloomberg.

The publication cited sources saying that Ma is on the list of prominent entrepreneurs invited to meet China’s top leaders. It added that the likely meeting and “show of support” for the private sector comes amid the recent surge in equities in Hong Kong due to artificial intelligence (AI) tech.