China ADRs & ETFs Continue to Rally With YINN up 5.8%; China A50 Index Futures Rise 1%
China ADRs & ETFs continued to rally after a meeting between President Xi Jinping and prominent entrepreneurs signaled Beijing’s endorsement of the private sector. YINN up 5.6%; Alibaba up 5%; XPeng up 4.8%; Tiger Brokers up 3.4%; Li Auto up 3.3%；PDD Holdings up 2%.
Speaking at the meeting, Xi promised to abolish unreasonable fines against private firms and urged entrepreneurs to maintain their competitive spirit, according to an official readout released after local markets closed on Monday. Alibaba co-founder Jack Ma and DeepSeek founder Liang Wenfeng were among the attendees.
China A50 index futures rose 1%.
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