According to the Securities Times, on the early morning of November 6th Beijing time, the three major U.S. stock indices all declined, while most Chinese concept stocks listed in the U.S. rose against the trend. The NASDAQ China Golden Dragon Index closed up 0.43%.

At the individual stock level, there was a divergence with some stocks performing strongly. Kebiao Technology saw a surge of 30.9%, and Huhu Technology International rose by 27.24%. Leaders in consumer goods and the internet sector also moved higher, with Mingchuang Youpin increasing by 5.95%, NetEase by 4.37%, and both Bilibili and Alibaba gaining more than 2.6%.

Market analysis suggests that the resilience of Chinese concept stocks in this round is primarily supported by clear, continuous, and stable expectations regarding China's technology policies. From the 14th Five-Year Plan to the beginning of the 15th Five-Year Plan, the focus on technological self-reliance and strength has remained consistent as a key development theme. The institutional environment continues to improve, providing a long-term predictable framework for market innovation entities. The outline of the 15th Five-Year Plan emphasizes accelerating high-level technological self-reliance and strength, leading the development of new quality productive forces, and clearly promotes the deep integration of technological innovation with industrial innovation. At the national level, a combination of policies in areas such as finance, taxation, economics and trade, and industry is being implemented to unblock innovation chains, continuously cultivate and strengthen new quality productive forces, and stabilize the long-term confidence of overseas funds in China's innovative industries.