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TVB Leaps 10%+ Once; Amended CEPA Deal Relaxes Rules on TV Industry Tapping CN
Recommend 7 Positive 16 Negative 4 |
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TVB (00511.HK) opened 4.82% higher at $3.26 today (10th) after two days of consecutive losses. The stock's upswing accelerated in the early session, once rising as much as 11.3% to peak at $3.46. It last reported at $3.39, a 9% recovery, with 1.2048 million shares traded, involving $4.0659 million. The HKSAR government and the Ministry of Commerce of China signed an amended CEPA agreement to relax the entry requirements for a number of service industries into the mainland, involving film, television, tourism and finance, which will take effect in March 2025. In terms of television, the restriction on the number of backbone Hong Kong personnel involved in the creative team of online TV dramas will be canceled. Hong Kong-produced "imported dramas" will be allowed to be broadcast during prime time on mainland TV stations after approval by the State Administration of Press, Publication, Radio, Film and Television. AAStocks Financial News |
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