A series of positive economic policies released this week have garnered strong market responses, driving up the Shanghai and Shenzhen stock exchanges as well as overseas Chinese stocks. JD.com (JD, Financial) has led the surge among Chinese concept stocks, rising over 37% since September 23. As of September 27, JD's U.S. stock price neared $40 per ADS, while its Hong Kong stock broke through 155 HKD per share, both marking the highest levels in nearly a year.
During a meeting on September 26, the Central Political Bureau analyzed the current economic situation and outlined future economic strategies. Since the third quarter, local governments have introduced favorable consumption policies and subsidies. The upcoming "Eleven" holiday and JD's "11.11" shopping festival are expected to further boost consumer spending.
Market consensus believes that the central government's economic policy direction and the series of measures introduced have significantly boosted investor confidence in China's economy and consumer spending. JD.com, among other Chinese stocks, is expected to continue benefiting from China's economic growth and consumer potential.
As a technology and service company based on supply chain management, JD.com continues to invest in supply chain infrastructure and technological innovation. This boosts supply chain efficiency, reduces logistics costs, and enhances manufacturing and agricultural capacities. The company also provides a cost-effective shopping experience, earning consumer trust and driving quality growth for brands and merchants.
The central economic policy emphasizes combining consumption promotion with improving living standards, particularly by increasing income for low- and middle-income groups. Over the past year, JD.com has expanded employment opportunities and launched its largest campus recruitment drive. In mid-September, the company implemented its sixth salary increase in three years, raising employee compensation to 20 months' salary, sharing the benefits of corporate growth with employees.
In the future, JD.com, with its focus on positive growth for users, partners, and employees, will noticeably benefit from economic policies aimed at boosting household income and consumption.
