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"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
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National Day travel prices are easing! Domestic and international air ticket prices have dropped by about 20%, with the prices of outbound tours from travel agencies down by nearly 30% year-on-year.
①Several travel agencies have stated that travel prices during this year's National Day holiday have significantly decreased. Some travel agencies have reported a 20-30% drop in overall outbound travel prices, while OTA platforms show a 20% year-on-year decrease in domestic and international flight prices; ②The civil aviation market has added more flights, with some routes for the National Day holiday by Southern Airlines being sold out in advance, and Eastern Airlines reporting ticket bookings exceeding 70% for multiple National Day departure routes as of September 28.
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HopelessChi : the Chinese is unable to save its own economy. back to covid and back to battling the low consumer spending and etc. the passive mode will trigger the downfall of its internal companies in no time. investor see actions and they don't.
bullrider_21 OP HopelessChi : China is only now gradually recovering from reopening from the zero- Covid policy. Consumption will return. SOEs will recover. China is having problems because of the U.S. suppression on Chinese companies.
While China will grow at 5% this year, U.S. will grow at less than 2%. Don't expect China to help out the U.S. this time like what they did in 2008.
The U.S. keeps printing money. Robert Kiyosaki said it will be like toilet paper in the future.