China concept stocks collectively rose, as of the time of writing, bilibili surged more than 11%.
According to Zhixun Finance, on Tuesday, China concept stocks collectively rose. As of the time of writing, bilibili (BILI.US) surged more than 11%, li auto inc (LI.US) and jd.com (JD.US) surged more than 8%, pdd holdings (PDD.US) and alibaba (BABA.US) surged more than 6%, baidu (BIDU.US) surged more than 4%. On the news front, the Governor of the People's banks Pan Gongsheng announced multiple incremental monetary policies at the State Council Information Office press conference, including: reducing deposit reserve requirements and policy interest rates, driving down market benchmark interest rates; lowering existing housing loan rates and unifying the minimum down payment ratio for housing loans; creating new monetary policy tools to support the stable development of the stock market.