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Yinchee
2023-07-28

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Hot Chinese ADRs Took off in Premarket Trading; Bilibili Surged Over 8% While iQiyi Rose Over 4%

Hot Chinese ADRs took off in premarket trading; $Bilibili Inc.$ surged over 8% while $iQiyi Inc.$ rose over 4%.While China has pledged support for private businesses, policymakers have stopped short of delivering a bazooka-style stimulus injection to revive its faltering economy. Instead, it is putting the onus on banks to help jumpstart the housing market by easing loan conditions and extending repayment for some struggling developers.The Ministry of Housing and Urban-Rural Development said on

Hot Chinese ADRs Took off in Premarket Trading; Bilibili Surged Over 8% While iQiyi Rose Over 4%

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