Most popular Chinese stocks advanced, with the Nasdaq Golden Dragon China Index up 1.66% and the China Technology Leaders Index up 2.65%. In terms of individual stocks, Tiger Brokers rose nearly 6%, Hesai Technology gained nearly 4%, Full Truck Alliance climbed over 3%, Alibaba increased by more than 3%, and 21Vianet Group rose over 3%; Baidu advanced nearly 3%.

The FTSE China A50 Index futures also saw a straight-line surge during the session, turning positive and closing up 0.34% in the night session.

Recently, several foreign financial giants such as Goldman Sachs, J.P. Morgan, and Morgan Stanley have voiced positive outlooks on the future of the Chinese market.

In a latest research report on October 22, Goldman Sachs pointed out that the Chinese stock market is entering a slow bull market, with major indices expected to rise by about 30% by the end of 2027. The institution also stated that as the bull market unfolds, investors should shift their mindset from "selling on rallies" to "buying on dips."

On October 21, Wang Yan, Chief China Stock Strategist at Morgan Stanley, stated that from the perspective of global investors' overall allocation, the positioning of Chinese stock assets remains relatively low. In the long run, further increases in global investors' holdings of Chinese assets will be an inevitable trend.

J.P. Morgan's China equity strategy team recently released a report maintaining a positive view on the A-share market. The team stated that, from a medium-term perspective, they are optimistic about the performance of the CSI 300 Index until the end of 2026, primarily due to the gradual shift of household asset allocation toward the stock market, which is expected to sustain the rebound trend.