In the early morning of November 6, Beijing time, the three major US stock indexes fell across the board, and most Chinese securities listed in the US bucked the trend. The Nasdaq China Golden Dragon Index closed up 0.43%. Diversification at the individual stock level strengthened, with Kubiao Technology surging 30.9%, and Huhu Technology International rising 27.24%; leading consumer and internet companies rose at the same time, with Mingchuang Premium rising 5.95%, NetEase up 4.37%, and Bilibili, Alibaba, and Pinduoduo all rising by more than 2.6%. According to market analysts, the core of the resilient stock market in this round comes from the expected support of China's clear, continuous, and stable science and technology policy. From the “14th Five-Year Plan” to the beginning of the “15th Five-Year Plan”, self-reliance and self-improvement in science and technology have always been the main line of development. The institutional environment has been continuously optimized to provide a long-term and predictable development framework for market innovators. The outline of the “15th Five-Year Plan” lays out the deployment to accelerate self-reliance and self-improvement in high-level science and technology, lead the development of new quality productivity, and clearly promote the deep integration of scientific and technological innovation with industrial innovation. At the national level, we continue to play policy combinations from the dimensions of finance, finance, trade, industry, etc., to open up the innovation chain, continue to cultivate and expand new quality productivity, and stabilize the long-term confidence of overseas capital in China's innovation industry.

In the early morning of November 6, Beijing time, the three major US stock indexes fell across the board, and most Chinese securities listed in the US bucked the trend. The Nasdaq China Golden Dragon Index closed up 0.43%. Diversification at the individual stock level strengthened, with Kubiao Technology surging 30.9%, and Huhu Technology International rising 27.24%; leading consumer and internet companies rose at the same time, with Mingchuang Premium rising 5.95%, NetEase up 4.37%, and Bilibili, Alibaba, and Pinduoduo all rising by more than 2.6%. According to market analysts, the core of the resilient stock market in this round comes from the expected support of China's clear, continuous, and stable science and technology policy. From the “14th Five-Year Plan” to the beginning of the “15th Five-Year Plan”, self-reliance and self-improvement in science and technology have always been the main line of development. The institutional environment has been continuously optimized to provide a long-term and predictable development framework for market innovators. The outline of the “15th Five-Year Plan” lays out the deployment to accelerate self-reliance and self-improvement in high-level science and technology, lead the development of new quality productivity, and clearly promote the deep integration of scientific and technological innovation with industrial innovation. At the national level, we continue to play policy combinations from the dimensions of finance, finance, trade, industry, etc., to open up the innovation chain, continue to cultivate and expand new quality productivity, and stabilize the long-term confidence of overseas capital in China's innovation industry.