After the Chinese President Xi Jinping reiterated that economic development is still a high priority, Sino -Senior Stocks listed on Monday (October 17), which are listed in the United States, rose.
On Sunday (16th) at a speech at the 20th National Congress of the Communist Party of China, Xi Jinping said that the CCP would continue to "unwaverly" support state -owned and private enterprises, focusing on promoting domestic demand and scientific and technological progress.
The Wall Street Journal quoted Citi Investment Research Chinese stock strategist Liu Xianda in a research report that this support may help reduce the influence of China's "economic growth being constantly changing overseas politics and intervention. Chinese leading companies that serve local consumption and dominate market share should benefit. "
It is reported that Chinese e -commerce heavyweight companies Alibaba, JD.com, and Pinduoduo's US deposit certificates (ADR) rose on Monday.
The Nasdaq China Golden Dragon Index, which tracked dozens of Chinese companies listed in the United States, has risen by about 5%.
