To The Moon

China ETFs and ADRs will continue to rebound, On Tuesday’s trading day, 7 of the top 10 ETF gainers were related to China Assets. $FTSE China Bull 3X Shares(YINN)$ , $ProShares Ultra FTSE China 50(XPP)$ , $CSI China Internet ETF(KWEB)$ , $Invesco Golden Dragon China ETF(PGJ)$ , $Direxion Daily MSCI Emerging Markets Bull 3X Shares(EDC)$ , $Direxion Daily CSI 300 China A Share Bull 2X Shares(CHAU)$ , and $iShares China Large-Cap ETF(FXI)$ all rise around 3% to 9%. This rebound is related to China’s two major actions: 1.A unit of China’s sovereign wealth fund, the Central Huijin Investment, bought into mainland stocks once more. Considered part of China’s National Team, a term used for government-backed funds that come in to support the market during times of extreme down moves, Central Huijin purchased shares in the nation’s four major banks. It’s the second such purchase reported this month after it bought shares in the same banks two weeks ago. This time, the fund also announced purchases of exchange-traded funds for the third time since 2013. Moreover, the fund stated that it plans to make further ETF purchases in the future. It’s one of the signs that Beijing is starting to be alarmed at the persistent decline in mainland equities markets despite the recent strong economic data, as investors remain worried about the country’s real estate market. 2.China to Issue 1 Trillion-Yuan Additional Debt to Bolster Economy. Chinese President Xi Jinping amplified support for the economy, the world’s second largest, through additional sovereign bond issuance, a higher budget deficit and even a rare central bank visit. Chinese ADRs are ushering in a big bottom or technical rebound: In fact, the amount of Huijin's holdings is certainly not huge. Compared with the scale of the 1 trillion treasury bond issuance and the 70 trillion urban investment bonds, the liquidity support for the market is limited. However, following a series of favorable policies from China, today, Hong Kong lowered transaction stamp duty. It can be said that market confidence has been greatly boosted. The top ten Chinese concept stocks by trading volume on Tuesday $NIO Inc.(NIO)$ has gained car production qualification by acquiring local automaker, report says $Lufax(LU)$ Chinese financial company Trades at 0.17 P/B and has 9.6b in cash / cash equivalents compared to 2.1b in mkt cap. $JD.com(JD)$ sheds US$4.5b, company earnings and investor returns have been trending downwards for past three years. $Alibaba(BABA)$ the upcoming earnings release will be of great interest to investors, latest consensus estimate is calling for revenue of $31.39 billion, up 7.77% from the prior-year quarter. $Tencent Music(TME)$ In August, the online music paying users exceeded 100 million and hit a new record high。 $XPeng Inc.(XPEV)$ held its fifth annual Tech Day in Guangzhou on Tuesday where the automaker revealed a series of innovative technological milestones and pioneering industry accomplishments. $iQiyi Inc.(IQ)$ lost 17 million subscribers in the second quarter. $Chindata Group Holdings Ltd(CD)$ ‘s privatization completed in August, Bain Capital won. $Pinduoduo Inc.(PDD)$ is currently a relatively strong Chinese ADR by performance, but TEMU is currently suffering from excessive losses, dragging down Pinduoduo's overall performance. The valuation of Temu in the secondary market is almost 0 or even negative. At present, investment in PDD will increase. Games publisher and platform $Bilibili Inc.(BILI)$ has announced a big milestone for the mobile version of Dead Cells, revealing that the game has sold over five million copies in China.