iQiyi Inc. (IQ), a leading Chinese video streaming platform, witnessed a significant surge of 11.54% in its stock price during the pre-market session on Monday. This remarkable price movement can be attributed to China's announcement of a major shift in its monetary policy stance for the first time since 2011.

In a pivotal decision, China's top leadership, led by President Xi Jinping, revealed that the country will embrace a "moderately loose" monetary policy strategy in 2025. This departure from the longstanding "prudent" policy signals a more accommodative approach aimed at boosting economic growth and stimulating further stimulus measures.

The announcement also highlighted plans to implement a "more proactive" fiscal policy, indicating an increase in government spending and borrowing to support the economy. This policy shift sparked a broad rally in Chinese stocks and exchange-traded funds (ETFs) during the overnight trading session, with iQiyi Inc. emerging as one of the notable beneficiaries.