Chinese concept stocks are on the rise. As of press time, the Nasdaq Golden Dragon China Index rose more than 3%.
According to the Securities Times app, on Monday, Chinese concept stocks rose. As of the time of publication, the NASDAQ China Golden Dragon Index rose by more than 3%, li auto inc (LI.US) rose by over 1%, alibaba (BABA.US) rose by over 2.6%, pdd holdings (PDD.US) rose by over 2.7%, bilibili (BILI.US) rose by 6.9%, nio inc (NIO.US) rose by over 7.4%, xpeng (XPEV.US) rose by over 8%. On the news front, during the World Bank/International Monetary Fund annual meetings, the sixth meeting of the China-US Economic Working Group was held. During the discussion on "the macroeconomic situation and policies of the two countries," the Chinese side also revealed the new direction of China's economic policies. The Chinese side indicated that the comprehensive incremental policy measures are relatively large, and the specific arrangements are expected to be announced after going through the statutory procedures in November.