Forbes·2025-09-16 13:36Market Overview - Asian equities advanced as the U.S. dollar weakened, indicating a positive market sentiment [2] - The Hong Kong High Court allowed Evergrande's liquidators access to founder Xu Jiayin's $7.7 billion in assets amid ongoing restitution efforts from offshore bondholders [8] Chinese Policy Measures - Following President Xi's article on a "unified national market," the Ministry of Commerce and nine agencies introduced "Several Measures for Expanding Service Consumption" to boost domestic demand [3] - The measures include support for tourism, cultural activities, sporting events, and childcare subsidies, aiming to encourage consumers to "purchase in China" [4] Company Performance - Trip.com Group Limited (TCOM) rose by 4.09% and Meituan gained 3.03%, benefiting from the new consumption policies [4] - Alibaba Group Holding Limited (BABA) was the most heavily traded stock in Hong Kong, declining by 0.71% after announcing a $60 million investment in AI video generation startup Aishi Technology [5] - Tencent Holdings Limited (0700 HK) saw a slight increase of 0.23%, attributed to the success of its AI initiatives, with significant growth in daily average users of its AI assistant [6] Electric Vehicle Sector - Electric vehicle stocks performed well, with BYD Company Limited rising by 1.67%, Li Auto Inc. climbing by 2.61%, and CATL increasing by 2.58% [7] Market Dynamics - The rally in Chinese stocks may pose challenges for active managers who are underweight in this sector as quarter-end reporting approaches [9]