By Michelle Toh, CNN BusinessChina’s richest and most international city is trying to return to business as usual after a two-month lockdown, but some restrictions will remain in place. Shanghai authorities on Sunday pledged to allow all businesses to open up from Wednesday. “For American businesses, the number one priority is to resume normal operations as soon as possible,” he told CNN Business. The reaction is “a clear signpost the light at the end of the Covid lockdown … has turned a bit brighter,” Stephen Innes, managing partner of SPI Asset Management, told CNN Business. The benchmark Shanghai Composite index ticked up 0.6%, while the Shenzhen Composite gained 1%.

Source: CNN June 01, 2022 19:43 UTC