I read something earlier that several Chinese exchanges are/will be trading bitcoin again. Their government is rumoured to be relaxing its ruling on the ban so this is probably the reason for the price increase we are currently witnessing.
Are you mean huobi they try open new site to avoid government ban by made new site huobi.pro
Yes it is, but you can try to see about the latest announcement that already released into the public by huobi itself, it seems the exchange will be actively trading the bitcoin again in the future. Some people are saying about the old news regarding the china ban was fake. But i don't know about the truth behind it.
What's your opinion?