Hot Chinese ADRs Surged in Premarket Trading
Tiger Newspress2022-03-16
Alibaba, JD.com, Pinduoduo, Tencent Music, Bilibili, DiDi, Nio and iQiyi rose between 18% and 40%.
Beijing issued a strong promise for policies to boost financial markets and stimulate economic growth.
China supports overseas listing and has achieved positive progress in discussions with Washington over Chinese stocks listed in U.S. markets, the report said, adding that both sides are working to formulate a detailed cooperation plan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.