R arely have so many Chinese billionaires gathered in one place as happened this week in Beijing, when leader Xi Jinping summoned the nation’s top entrepreneurs and CEOs from te

President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support in years to companies like web giants Alibaba and Tencent.

Chinese President Xi Jinping will host a meeting next week with some of the nation's top entrepreneurs - including six Hangzhou-based start-ups known as the "Six Little Dragons" - to recognise progress in critical areas of technological advancement and show support to the private sector,

China and Hong Kong tech stocks surged after President Xi Jinping's meeting with industry leaders, including Alibaba's Jack Ma, suggesting a policy shift following years of regulatory crackdowns. The Hang Seng Tech Index and key stocks like Alibaba,

At the Monday meeting, Xi urged the executives to "show their talent" and pledged to support private businesses.

Chinese leader Xi Jinping hosted a meeting with Chinese high-tech tycoons on Monday. Observers said that Xi’s meeting sends a positive signal to “help promote the private sector.” But Xi needs to do more,