More signals are supportting the rebound of Chinese ADRs?

It is expected that we will continue to see some high-quality Chinese concept stocks rise this week. $CSI China Internet ETF(KWEB)$ $FTSE China Bull 3X Shares(YINN)$ .

The 10 Chinese ADRs with the highest trading volume on Tuesday were: $NIO Inc.(NIO)$, $TAL Education Group(TAL)$, $Bilibili Inc.(BILI)$, $Alibaba(BABA)$, $Lufax(LU)$, $Pinduoduo Inc.(PDD)$, $iQiyi Inc.(IQ)$, $XPeng Inc.(XPEV)$, $JD.com(JD)$, $FULL TRUCK ALLIANC SPON ADS EACH REP 20 ORD SHS CL A(YMM)$

Meanwhile, Asian markets were also trades optimistic on Wednesday.

What signals does positive news imply?

On the afternoon of October 9, President Xi Jinping met with the bipartisan delegation of the U.S. Senate led by Majority Leader Charles Schumer at the Great Hall of the People.

President Xi underlined that the China-U.S. relationship is the most important bilateral relationship in the world. How China and the U.S. get along will determine the future of humanity. Competition and confrontation is not consistent with the trend of the times. Still less can it fix one’s own problems and address the challenges facing the world. China maintains that the common interests of the two countries far outweigh their differences, and the respective success of China and the U.S. is an opportunity, rather than a challenge, to each other.

• By Bloomberg News on Wednesday, Chinese stocks advanced after a report saying Beijing is planning further support for the nation’s struggling economy boosted sentiment.

  

• Bullish options underpin bets on Chinese stocks rallying by up to 27% in Hong Kong。

• In addition, Goldman Sachs Strategy also pointed out that it continues to recommend overweighting Chinese stocks to bet on a rebound that may occur before the end of this year.

In the U.S.，many Federal Reserve officials made dovish statements in support of not raising interest rates.

Investors are awaiting the minutes of the Federal Reserve's September meeting, U.S. CPI inflation data, and corporate third-quarter reports to support continued gains in U.S. stocks.