China State Council press conference at 0700 GMT on COVID - rumours on ending COVID zero

I posted on this a while back:

• Here's an interesting item that suggests China may soon dump the COVID zero policy

AUD, NZD, oil, China shares are all getting excited:

• AUD and NZD are moving higher as China reopening chatter spreads

I can confirm now that there is indeed a news conference being given by the Joint Prevention and Control Mechanism of the State Council in China at 3pm local time in Beijing.

• 0700 GMT

Update on Chinese stocks:

• Hong Kong's Hang Seng is up 3.7%
• Shanghai Composite is up 2%