US Stock Market Move | Chinese concept stocks continue to rise, as domestic policies are being favorable with multiple measures being taken.

On Thursday, U.S. stocks, including Chinese concept stocks, opened with fluctuations and continued to rise. As of the time of writing, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by 9.48% to $104.54. PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose by 11.59% to $127.20. JD.com, Inc. Sponsored ADR Class A (JD.US) rose by 13.93% to $37.83. Fangdd Network Group Ltd Sponsored ADR Class A (DUO.US) rose by 129% to $1.15. On September 26th, there were several significant domestic news releases. The Central Political Bureau of the Communist Party of China held a meeting on September 26th to analyze the current economic situation and deploy the next steps for economic work. The meeting pointed out that the fundamental aspects of our country's economy, such as broad market conditions, strong economic resilience, and significant potential, have not changed. At the same time, some new situations and issues have emerged in the current economic operation. In the afternoon of the same day, the People's Bank of China held a system-wide video conference. The meeting emphasized that the Central Political Bureau meeting's deep analysis of the current economic situation and clear deployment of the next economic work require swift and comprehensive implementation by the People's Bank of China system. They should accelerate the issuance of financial increment policy measures, meticulously implement and enforce each policy measure. They should strengthen departmental coordination, establish relevant working task forces, collaborate throughout the system, and effectively promote sustained economic recovery and high-quality financial development. Additionally, the Central Financial Office and China Securities Regulatory Commission officially issued the "Guiding Opinions on promoting long-term capital entry into the market." Focusing on the overall goal of "more long-term funds, longer-term funds, and better returns," it emphasizes building and nurturing a capital market ecosystem that encourages long-term investments, vigorously developing equity public funds, and focusing on improving various policies and systems for the entry of medium and long-term funds into the market.