China Film Stocks Jump After Shuttered Cinemas Allowed to Reopen
- Maoyan, Imax China, Alibaba Pictures advance on move
- Movie halls have remained closed for months due to coronavirus
A staff member sprays disinfectant at a cinema in Shenyang, March 25.
Photographer: AFP via Getty Images
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Chinese stocks linked to movies rallied after the government allowed reopening cinema halls that have been shut for almost four months in the fight to contain the coronavirus outbreak.
Entertainment and leisure facilities such as parks, tourist attractions, museums and theaters can reopen provided they take measures such as limiting attendance to control crowds, according to a guideline issued by China’s State Council on May 8.