All three major indexes of u.s. stocks fell sharply in June, with the Dow down 6.71%, the Nasdaq down 8.71% and the s & p 500 down 8.39%.

However, the overall performance of Chinese stocks in June was remarkable.After rising 2.6 per cent in May, the Nasdaq Golden Dragon China index rose 16 per cent in June, the first two-month gain since February 2021 and its best performance in three years since the beginning of 2019. It rose more than 12 per cent in the second quarter, the best single-quarter performance since the end of 2020.

Among the Chinese stocks with a market capitalization of more than US $5 billion, which rose sharply in June.$Li Auto Inc. (LI.US) $Led by a cumulative increase of 52%$XPeng Inc. (XPEV.US) $And$KE Holdings Inc. (BEKE.US) $The increase is more than 30%.$Pinduoduo (PDD.US) $Up nearly 23%$BABA (BABA.US) $It rose by more than 18%.

At the same time, as European and American stock markets are mired in high inflation and recession, international investment banks' preference for the Chinese market is rising like a tide. In early June, UBS Global Wealth Management and Citigroup Inc both expressed optimism about the Chinese stock market. Goldman Sachs Group also said in the research report that the growth rate of Q3 performance of Chinese listed companies should begin to improve year-on-year, which is expected to be much higher than the decline in Q2 compared with the same period last year.