[Allin][Allin]Hello Tigers,
The following table shows the weekly winners of the Chinese ADRs, which benefited strongly from the abundance of good news on the Chinese market in the week from September 23 to 27.
China announced a series of significant stimulus measures to revive the sluggish economy and stimulate domestic demand. These policies include:
Reducing loan interest rates, mortgage interest rates, and bank reserve requirement ratios.
Lowering the down payment ratio for second homes from 20% to a historical low of 15%.
Launching a 500 billion yuan swap plan to provide funds more conveniently for funds, insurance companies, and brokers to purchase stocks, and also introducing a 300 billion yuan loan plan to provide cheap funds for commercial banks to purchase stocks and repurchase shares.
Last week, Chinese assets shone brightly. Under the stimulus of heavy policy benefits, the A-share index rebounded across the board, and the Hong Kong stock index also strengthened collectively.
$HSI(HSI)$ $Hang Seng Index - main 2410(HSImain)$ surged 13% in a week; $HSTECH(HSTECH)$rose by 20.23% in a week;
In the U.S. stock market, the 3x leveraged long position on Chinese concept stocks $Direxion Daily FTSE China Bull 3X Shares(YINN)$ surged by 59.31%; $KraneShares CSI China Internet ETF(KWEB)$ rose by 26.79%.
Specifically, the top 10 Chinese concept stocks with a market value of more than $1 billion that rose the most last week are as follows:
$Lufax(LU)$ $Bilibili Inc.(BILI)$ $JD.com(JD)$ $KE Holdings Inc.(BEKE)$ $Kanzhun Limited(BZ)$ $PDD Holdings Inc(PDD)$ $Studio City International Holdings Ltd(MSC)$ $iQiyi Inc.(IQ)$ $TAL Education Group(TAL)$ $XPeng Inc.(XPEV)$
Looking at the current market data, the above stocks are still showing significant gains. Which one have you traded or going to trade?
If the market opens on Monday, how will you operate? Please vote and add more of your trade plans in the comments section:
A. Keep a full position, waiting for policy implementation.
B. Continue to buy on dips, as the historical market opportunity is not to be missed.
C. Sell high, take profits, and secure gains.
E. Continue to be empty, "Don't leave, fellow villagers" has been said too many times.
F. Short sell, as the market is overvalued.
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Comments
As of September 27, 2024, $Lufax(LU)$ , $Bilibili Inc.(BILI)$ , $JD.com(JD)$ $KE Holdings Inc.(BEKE)$ , $Kanzhun Limited(BZ)$ $PDD Holdings Inc(PDD)$ , $Studio City International Holdings Ltd(MSC)$ , $iQiyi Inc.(IQ)$ , $TAL Education Group(TAL)$ , $XPeng Inc.(XPEV)$ are the weekly top winners among Chinese concept stocks with a market cap more than $1 billion.
Will you continue to buy and hold?
got some exposure already through world index.
and extend the free commission..