On Tuesday, September 24th,The People's Bank of China has introduced a series of policies including interest rate cuts, lowering mortgage rates, etc.lowering the reserve requirement ratio by 0.5%, providing around 1 trillion yuan of long-term liquidity to the financial market. Specifically, the 7-day reverse repurchase operation rate has been reduced by 0.2% from the current 1.7% to 1.5%, while guiding loan market quoted interest rates and deposit rates lower in sync to maintain the stability of commercial banks' net interest margins. This has significantly boosted the Chinese economy.This also gives investors hope for the economic recovery of mainland China, and they believe this is the beginning of stimulating economic growth.。
After the bullish policy was released, $Alibaba (BABA.US)$ 、 $PDD Holdings (PDD.US)$ 、 $JD.com (JD.US)$ Chinese mainland e-commerce stocks listed in the USA surged. $NASDAQ Golden Dragon China (.HXC.US)$ Out of the 64 components,On September 24, 58 stocks rose in a single day, with 18 of them rising by more than 10%.Pdd holdings, which is not included in China Golden Dragon Index,rose sharply by 11.24%, now trading at $113.80, with the second-highest daily trading volume at $3.4 billion. The major indices of the US stock market continue to rise. $S&P 500 Index (.SPX.US)$ Rising nearly 0.3%, $Dow Jones Industrial Average (.DJI.US)$ It has been setting new closing highs for consecutive days...