China's top leader Xi Jinping on Monday with a group of corporate chiefs, including entrepreneur Jacques Ma, who was sidelined by the government at a show that the government supported during a period of economic volatility four years ago. We met.
According to a video published by state media, the heads of electronic companies Huawei and Xiaomi, battery maker CATL and electric car giant BYD were among the business leaders who praised and took notes for hosting the meeting. The report did not explain the nature of the discussion or list everyone present.
This was the first gathering between XI and corporate leaders as President Trump targeted China with a series of tariffs.
Reports of a possible meeting among investors have sparked optimism that Beijing is becoming serious about strengthening the private sector, and XI's emphasis on state-owned enterprises has led to the rear. I got a seat.
Hong Kong stocks, which many Chinese companies trade, have been rising recently in terms of optimism about private companies like Deepseek. In the field. According to Chinese media, Deepseek founder Liang Wenfeng attended the meeting on Monday.
Fred Hu, founder of Hong Kong investment firm Primavera Capital, called the meeting an iconic “course revision.”
“In recent years, the private sector has been hit with policy, politics and regulations,” Hu said.
Hong Kong's Hangsen index initially rose more than 1% on Monday, but gave up on those profits and fell in the afternoon.
China's social media was ruptured with speculation about who was attending the conference. The symposium has become one of the top five topics in the discussion about Weibo, one of China's most popular online platforms.
For many, the most important question ahead of the meeting was whether Ma, founder of the Alibaba Group, would be present.
Ma has been seen in public with Xi since Beijing criticised the brakes of his Ali group's first public recruitment after Beijing publicly criticised Chinese regulators for restraining innovation. It was my first time. The restriction's move to stop what was the world's biggest IPO was a key development in multi-year government crackdowns on Chinese entrepreneurs. Ma has largely been out of the public eye since then.
Hu said that Ma's presence at the conference sent the message “successful private entrepreneurs will be respected, not punished.”
you Contributed research.
