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Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
ESG Weekly | The trade-in program boosts sales to over 1 trillion yuan; Chen Xiangdong establishes the Peking Gaotu Charity Fund; Starbucks China sets up CGO for the first time.
Important events in the ESG field this week include: reports show that the situation in the Arctic intensifies Global warming; Xiaomi debunks rumors of "refusing to hire employees over 35 years old"; the former CFO of McDonald's China joins Bawang Chaji.
Express News | Chen Xiangdong founded the Peking Gaotu Charity Fund, with a registered capital of 8 million yuan.
Hua Chuang Securities interprets the December Politburo meeting: five unexpected points.
① The first expectation exceeded - the economic development goals for the entire year of 2024 will be achieved. ② The second expectation exceeded - stabilizing the stock market and real estate market. ③ The third expectation exceeded - the monetary policy is set to undergo a significant change over the next decade. ④ The fourth expectation exceeded - strengthening "extraordinary" counter-cyclical adjustments. ⑤ The fifth expectation exceeded - expanding domestic demand ranking is advanced, and the保障民生保障 is intensified.
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
U.S. stock market movement | Chinese concept education stocks rise, gaotu techedu (GOTU.US) up over 9.5%.
Chinese concept education stocks are rising, as of the time of writing, gaotu techedu has risen over 9.5%.