热门中概股集体狂欢，其中房多多涨超166%后收涨52.23%，B站涨超21.6%，小鹏至少涨超13%，蔚来、爱奇艺、贝壳、唯品会、京东、网易至多涨超12.3%，新东方、携程、理想至少涨约8%，百度和微博涨超7.6%，大全新能源、阿里巴巴至少涨超7.4%。Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Boosted by the Politburo meeting, Chinese assets surged once again!
On Monday, the Nasdaq Golden Dragon China Index once rose over 10%, closing up more than 8.5%, achieving the best single-day performance since the end of September.
Popular china concept stocks celebrated collectively, with fangdd network rising over 166% and closing up 52.23%. Bilibili rose over 21.6%, Xiaopeng at least rose over 13%, NIO, iqiyi, ke holdings, vipshop, jd.com, and netease rose at most over 12.3%. New Oriental, Trip.com, and Li Auto at least rose about 8%, Baidu and Weibo rose over 7.6%, daqo new energy and alibaba at least rose over 7.4%.
Chinese concept ETFs listed in the USA saw a significant increase. Among them, the largest MSCI China ETF (MCHI) rose 7.7%. MCHI tracks the MSCI Chinese Index, with its constituents primarily consisting of large and medium-sized Chinese companies, holding as many as 654 stocks, aiming to cover 85% of the Chinese stock market.
The second largest china concept internet ETF (KWEB) rose over 10%. KWEB tracks the CSI Overseas China Internet Index, which includes Chinese internet companies listed on the Hong Kong Stock Exchange, NYSE, or Nasdaq.
The third largest iShares core msci china index etf (FXI) rose over 8%. FXI tracks the FTSE China 50 Index, composed of the 50 largest, most liquid Chinese companies traded on the Hong Kong Stock Exchange.
The fourth largest, and also the only major china concept ETF tracking A-shares, the Deutsche Bank and Harvest CSI 300 Index ETF (ASHR) rose nearly 7%. ASHR tracks the csi 300 index and is the first exchange-traded fund providing overseas investors direct access to the A-share market. Major holdings include kweichow moutai, contemporary amperex technology, ping an insurance, cm bank, china yangtze power, midea group co., ltd, and others.
The most wildly rising is the FTSE China 3x Long ETF (YINN), which soared 24% overnight and continued to rise more than 2% after hours.
Other China concept ETFs also rose: the China Technology Index ETF (CQQQ) increased over 8%, the 2x Long China Internet Stocks ETF (CWEB) rose 20%, the 2x Long FTSE China 50 ETF (XPP) increased over 16%, and the 2x Long CSI 300 ETF (CHAU) rose over 13.6%.
The offshore renminbi briefly rose past 7.26 yuan against the US dollar, an intra-day increase of over 250 points, up 0.35%, approaching a monthly high. As of the time of writing, the offshore renminbi is quoted at 7.2681.
On December 9, the Political Bureau of the Central Committee held a meeting to analyze and study the economic work for 2025. Huachuang Securities analyzed the meeting in 'Long on China: Quick Read of Ten Highlights from the Political Bureau Meeting' and pointed out that fiscal policy will be 'more proactive' this time, opening up central deficit financing space; monetary policy will be 'moderately loose,' the first time in 14 years, greater interest rate cuts are expected, and the possibility of QE balance sheet expansion remains. Regarding real estate, the positive stance from September 26 will continue; the December Political Bureau meeting will mention the stock market for the first time, with more innovative policies to stabilize the stock market expected.
