Chinese ADRs Jump With iQiyi up 10%
Chinese ADRs jumped in morning trading. iQiyi rose 10%; PDD Holdings rose 7%; Li Auto rose 6%; XPeng rose 5%; Bilibili and NIO rose 4%; JD.com rose 3%.The China National Development and Reform Commission stated that nearly half of the incremental policies have been introduced and implemented. Moving forward, a new batch of additional policies will continue to be rolled out and implemented.The Chinese Academy of Social Sciences' Institute of Finance has proposed issuing RMB 2 trillion in special