Chinese Assets Surge in US Stocks Due to Lower Reserve Requirements and Interest Rates: MAXE Insights

New York City, New York Sep 29, 2024  – On September 24, US time, Chinese stocks listed on US exchanges experienced a significant surge. The Nasdaq China Golden Dragon Index saw a remarkable increase of over 9%, marking its largest single-day gain since 2022. Among the notable gainers were BOSS Direct Recruitment (+19%), Bilibili (+17%), Tencent Music (+16%), Kingsoft Cloud and iQiyi (+14%), JD.com (+14%), Xiaopeng Motors (+12%), and several others exceeding 11%.

Later that evening, the offshore Chinese yuan (RMB) strengthened significantly against the US dollar during late New York trading. It gained nearly 500 points, reaching the 7.01 mark, its highest point in 16 months. Chinese asset ETFs also saw gains, with the FTSE China Triple Long ETF rising over 20% and the CSI 300 Double Long ETF gaining nearly 15%. Additionally, the Hang Seng Index futures closed up 3.55%, hitting a four-month high, while FTSE China A50 Index futures gained over 2.6%.

“Following the Fed’s interest rate cuts, China implemented a series of financial policies, significantly boosting market risk appetite. As a result, Chinese concept stocks in the US have the potential to experience substantial gains this time,” senior Wall Street analysts said. “By analyzing the global landscape and various industry discussions following the latest US interest rate cut, we anticipated China’s financial adjustments, leading to a sharp rise in Chinese concept stocks in the US market. As a consequence, we promptly adjusted our investment portfolio, enabling us to capitalize on this opportunity and achieve higher returns.”

Professional investors, with their access to the latest industry news and expertise, can make informed judgments about the future of the US financial market and adjust their portfolios for optimal returns. In contrast, ordinary investors often lack these advantages and rely heavily on media reports for information, which can be outdated. To make more informed investment decisions, ordinary investors should seek more reliable and timely sources of information.

“To address these challenges, MAXE, a leading investment tracking application, assists investors in identifying the most suitable asset portfolios for their needs,” said the CEO of MAXE. “We provide users with access to the portfolios of renowned investors, fund managers, and government officials, tracking real-time changes in their positions. This feature empowers users to overcome information barriers in the financial market, keeping them updated on market shifts and allowing them to adjust their portfolios in line with industry leaders.”

One of the key features of MAXE is its ability to provide users with access to the portfolio holdings and trading activities of top industry experts across various sectors. This unprecedented transparency allows users to observe, in real-time, the asset allocations and investment decisions made by renowned investors.

By studying the portfolio compositions and trading patterns of elite fund managers, MAXE users can gain invaluable insights to enhance their investment decision-making. Instead of solely relying on generalized market analysis or second-hand commentary, MAXE empowers users with a direct view of the investment strategies and risk management practices of industry leaders. This unique visibility offers users a distinct advantage, enabling them to potentially emulate the proven techniques and allocation models of these accomplished investors.

To help ordinary investors capitalize on opportunities that may be missed due to limited information and delays, MAXE has introduced an innovative AI financial management assistant. This assistant utilizes big data and a proprietary algorithm to gather the latest financial insights from various sources. Users can ask questions relevant to their situations, and the assistant will generate a customized investment and financial management strategy based on current market conditions and data analysis. This personalized approach provides users with a clearer understanding of the market landscape.

Additionally, MAXE offers real-time market data for a wide array of popular assets, including stocks, bonds, and foreign exchange, all presented through engaging data visualizations. We also compile comprehensive information on assets of interest, including news, financial updates, and regulatory filings, enabling users to gain a well-rounded perspective on those assets.

MAXE serves users around the globe. As of now, the cumulative number of users who have downloaded the MAXE app has exceeded 300,000. This milestone indicates that an ever-growing number of individuals recognize the value of MAXE and are utilizing the app to optimize their investment and financial management strategies.

Now, MAXE is available on and . Say goodbye to traditional financial management methods and embrace the future of finance with MAXE. For more information, visit our website at and follow us on social media for updates and tips on financial management.