Shares of Chinese companies listed in the U.S., including iQiyi Inc. (IQ), rallied in pre-market trading on Monday, following reports that China is considering plans to provide significant liquidity support for its beleaguered equity market.
iQiyi, a leading online entertainment service in China, saw its stock surge over 5.6% in pre-market trading. This surge was part of a broader rally in Chinese American Depository Receipts (ADRs), with companies like JD.com, Li Auto, NIO, Bilibili, and PDD Holdings also gaining between 4% and 6%.
The rally was fueled by reports that China's central bank, the People's Bank of China (PBOC), is weighing plans to unleash at least $113 billion in initial liquidity support for the country's struggling stock market. The measures include setting up a swap facility allowing securities firms, funds, and insurance companies to tap liquidity from the PBOC to buy stocks, as well as a specialized re-lending facility for listed companies and major shareholders to buy back shares and raise holdings.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。