Shares in Imax China rose as much as 7.3 percent in Hong Kong trading Monday following news that the Chinese government will allow cinemas to reopen.
Shares in other companies linked to the movie business similarly surged. China's State Council said Friday that entertainment and leisure facilities including cinemas, museums, tourist attractions and concert halls "may hold all types of necessary meetings and exhibition activities," provided that they follow guidelines designed to prevent the spread of the novel coronavirus.
The statement was the first centralized directive giving movie theaters, which have been closed in China since late January, the green light to resume business.
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