** China’s blue-chip CSI 300 Index was up 0.6% at market close to log a fourth straight session of rebound, while the Shanghai Composite Index climbed 1.3%.
** For the week, the CSI300 jumped 5.8% and the Shanghai Index advanced 5%, both booking their biggest weekly gain since November 2022. The markets will be closed for the long Lunar New Year holiday from Friday.
** Hong Kong’s Hang Seng Index, however, lost 1.3%, dragged by a 6.1% decline in Alibaba Group Holding, after the internet giant missed analysts’ estimates for third-quarter revenue.
** China’s cabinet replaced Yi Huiman as chairman of the China Securities Regulatory Commission (CSRC) with Wu Qing, a veteran regulator with a reputation for tough action.
** “This unusual move signals more…
