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Chinese EV Stocks Li Auto, BYD, Nio To Benefit From Rebound: Analyst
"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.
How to Capitalize on the Ongoing Bull Market for Chinese Stocks
Hurting others does not benefit oneself! Biden plans to ban china's internet-connected car software and hardware. US Department of Commerce: may cause a decline in US auto sales.
The data from the U.S. Department of Commerce shows that if the proposed restrictions on China's networked vehicle software and hardware, as well as related regulations on complete vehicles, are implemented, U.S. auto sales could decrease by up to 25,841 vehicles per year, while car prices may increase, further raising the cost of living for American consumers.
Cyclical Stocks Propel Rally Amid Global Rate Cuts: Is It Too Late to Invest?
Capital markets are getting a fresh boost! The central bank has set up a special refinancing facility for securities, funds, insurance companies to facilitate share buybacks and shareholdings, which can only be used for investing in the stock market.
1. Establishing securities, fund, and insurance companies to facilitate mutual exchange, supporting eligible securities, fund, and insurance companies to obtain liquidity from the central bank through asset pledging, significantly enhancing the ability to raise funds and shareholding capabilities in stocks; 2. Establishing a special refinancing facility for share buyback, guiding banks to provide loans to listed companies and major shareholders, supporting share buybacks and shareholding in stocks.