Boosted by the Politburo meeting, Chinese assets surged once again!On Monday, the Nasdaq Golden Dragon China Index rose more than 10% at one point, closing up over 8.5%, marking its best single-day performance since the end of September.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c2e90820-d3c8-4272-967f-2a526a86ef9b.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c2e90820-d3c8-4272-967f-2a526a86ef9b.png"/>Popular Chinese concept stocks celebrated collectively, with Fangdd rising over 166% and closing up 52.23%, Tiger Brokers rising over 26.3%, Bilibili rising over 21.6%, XPeng at least rising over 13%, Nio, iQIYI, Beike, Vipshop, JD.com, and NetEase rising at most over 12.3%, New Oriental, Trip.com, and Li Auto at least rising about 8%, Baidu and Weibo rising over 7.6%, DAQO New Energy, and Alibaba at least rising over 7.4%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9c6efec8-677d-493d-bcc9-97338496462a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9c6efec8-677d-493d-bcc9-97338496462a.png"/>Chinese concept ETFs listed in the U.S. surged. Among them, the largest MSCI China ETF (MCHI) rose 7.7%. MCHI tracks the MSCI China Index, with constituent stocks mainly consisting of large and mid-sized Chinese companies, totaling up to 654 stocks, aiming to cover 85% of the Chinese stock market.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/3238c62d-5dfe-4a07-aa13-59aa37981c91.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/3238c62d-5dfe-4a07-aa13-59aa37981c91.png"/>The second largest Chinese concept internet ETF (KWEB) rose over 10%. KWEB tracks the CSI Overseas China Internet Index, including Chinese internet companies listed on the Hong Kong Stock Exchange, New York Stock Exchange, or Nasdaq.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/75a70b9f-139d-4945-9d59-c5334b7bd29a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/75a70b9f-139d-4945-9d59-c5334b7bd29a.png"/>The third largest iShares China Large-Cap ETF (FXI) rose over 8%. FXI tracks the FTSE China 50 Index, consisting of the 50 largest and most liquid Chinese companies traded on the Hong Kong Stock Exchange.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bc93ca67-34d2-4d79-b339-e964288270d6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bc93ca67-34d2-4d79-b339-e964288270d6.png"/>The fourth largest, and the only major Chinese concept ETF tracking A-shares, the Deutsche Bank Harvest CSI 300 Index ETF (ASHR) rose nearly 7%. ASHR tracks the CSI 300 Index and is the first exchange-traded fund to provide overseas investors direct access to the A-share market. Major holdings include Kweichow Moutai, CATL, Ping An Insurance, China Merchants Bank, China Yangtze Power, and Midea Group.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1eaecd84-9c9f-4670-92b3-13b3da7a4b99.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1eaecd84-9c9f-4670-92b3-13b3da7a4b99.png"/>The most insane increase belongs to the Direxion FTSE China Bull 3X ETF (YINN), which skyrocketed 24% overnight and continued to rise over 2% in after-hours trading.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d1bdd06b-d868-4531-b5c5-a2927ee25a88.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/d1bdd06b-d868-4531-b5c5-a2927ee25a88.png"/>Other Chinese concept ETFs also rose: the China Technology Index ETF (CQQQ) increased by over 8%, the 2X Bull China Internet Stocks ETF (CWEB) rose by 20%, the 2X Bull FTSE China 50 ETF (XPP) increased by over 16%, and the 2X Bull CSI 300 ETF (CHAU) rose by over 13.6%.The offshore RMB against the US dollar briefly broke through 7.26 yuan, rising over 250 points during the day, an increase of 0.35%, moving towards a monthly high. As of the time of publication, the offshore RMB was at 7.2681.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f45bef9a-e76c-4249-b27a-30c76365968d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f45bef9a-e76c-4249-b27a-30c76365968d.png"/>On December 9th, the Political Bureau of the Central Committee of the Communist Party of China held a meeting to analyze and study the economic work for 2025. Huachuang Securities analyzed in “Bullish on China: Quick Read of the Ten Highlights from the Political Bureau Meeting” that this meeting indicated a &#34;more proactive&#34; fiscal policy, opening up space for central government deficit financing; monetary policy is &#34;moderately loose,&#34; the first time in 14 years, with greater interest rate cuts expected and the possibility of retaining QE expansion. In terms of real estate, the positive stance from September 26 continues; the December Political Bureau meeting first mentioned the stock market, and more innovative policies to stabilize the stock market can be expected

YINN

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Overnight, the Nasdaq Golden Dragon China Index rose more than 8.5%, marking its best single-day performance since the end of September. Popular Chinese concept ETFs surged collectively: the largest MCHI rose 7.7%, the FXI, which tracks large Chinese companies listed in Hong Kong, rose over 8%, and the ASHR, the only major Chinese concept ETF tracking A-shares, rose nearly 7%. The most explosive was the Direxion FTSE China Bull 3X (YINN), which skyrocketed 24% overnight and continued to rise over 2% in after-hours trading

- Following a Politburo meeting, Chinese assets surged, with the Nasdaq Golden Dragon China Index rising over 10% and closing up more than 8.5%, marking its best performance since late September.  
- Major Chinese stocks saw significant gains, including Fangdd up over 166% and various other companies like Tiger Brokers and Bilibili also experiencing substantial increases.  
- The meeting indicated a more proactive fiscal policy and potential for further monetary easing, with a focus on stabilizing the stock market and supporting the real estate sector.

Last night, Chinese assets "went crazy"