---
title: "On the eve of the U.S. election, Chinese assets suddenly surged, and this popular investment chart of Chinese concept stocks is worth keeping"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/25077747.md"
description: "The 12th meeting of the 14th National People's Congress Standing Committee was held in Beijing from November 4 to 8. The market generally expects that this meeting will review specific arrangements for the issuance of additional government bonds and the scale of local debt, serving as a "key window" for the implementation of more incremental policies. The Caixin China General Services Business Activity Index (Services PMI) for October, released this morning, recorded 52.0, an increase of 1.7 percentage points from September, marking a three-month high and indicating a rebound in the service sector's prosperity. During today's Asia-Pacific trading session, Chinese assets performed strongly..."
datetime: "2024-11-05T10:08:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/25077747.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/25077747.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/25077747.md)
author: "[热点君](https://longbridge.com/en/profiles/1450684.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/25077747.md) | [繁體中文](https://longbridge.com/zh-HK/topics/25077747.md)


# On the eve of the U.S. election, Chinese assets suddenly surged, and this popular investment chart of Chinese concept stocks is worth keeping

The 12th meeting of the 14th National People's Congress Standing Committee was held in Beijing from November 4 to 8. The market generally expects that this meeting will review specific arrangements for the issuance of additional government bonds and the scale of local debt, which will be a "key window" for more incremental policies to be implemented.

The Caixin China General Services Business Activity Index (Services PMI) for October, released this morning, recorded 52.0, an increase of 1.7 percentage points from September, marking a three-month high and indicating a rebound in the service sector's prosperity.

During today's Asia-Pacific trading session, Chinese assets performed strongly. As of the time of writing, in pre-market trading for U.S. stocks: $Direxion FTSE China Bull 3X(YINN.US) surged 8%, $Direxion CSI China Internet Index Bull 2X(CWEB.US) and $Direxion CSI 300 China(CHAU.US) both rose over 6%; most Chinese concept stocks increased: as of November 3, Taobao's 100 billion subsidy order volume exceeded 100 million orders, a significant increase compared to the same period last year, with $Alibaba(BABA.US) rising nearly 3% in pre-market; XPeng P7+ is about to be released, and investment bank analysts are optimistic about it becoming a hit with increased sales, with $XPeng(XPEV.US) rising over 5% in pre-market Collect this popular investment chart of Chinese concept stocks to understand related investment targets and seize investment opportunities in a timely manner:

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- [Direxion Dly CSI 300 CHN A Shr Bl 2X ETF (CHAU.US)](https://longbridge.com/en/quote/CHAU.US.md)
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- [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md)
- [Alibaba Group Holding Limited (HBBD.SG)](https://longbridge.com/en/quote/HBBD.SG.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)

## Comments (2)

- **向往 · 2024-11-05T14:18:06.000Z**: 快出结果了