Chinese ADRs surged on Monday as China announced plans to accelerate the integration of digital technologies like artificial intelligence.

Direxion Daily FTSE China Bull 3X Shares rose 10%; Kingsoft Cloud rose 22%; Zhihu rose 17%; Alibaba rose 10%; Bilibili rose 9%; XPeng rose 8%; GDS Holdings rose 7%; Baidu rose 6%; NetEase and NIO rose 5%; Trip.com, JD.com, and KE Holdings rose 4%; iQiyi rose 3%; Li Auto and Tencent Music rose 2%.

China’s Minister of Industry and Information Technology, Li Lecheng, stated in an interview with Xinhua News Agency that the country will continue to push forward with the intelligent upgrading of manufacturing and implement an "AI+ Manufacturing" action plan.

The central government will also offer a new round of financial support for "little giant" companies in 2026 and drive companies to increase research and development investment, Li said in a separate interview with China Central Television.

China’s technology initiatives will focus on accelerating scientific and technological self-reliance while promoting new breakthroughs in future manufacturing. Key areas of focus include quantum technology, humanoid robots, brain-computer interfaces, and 6G.

The government also plans to enhance monitoring and early warning systems for production capacity in key industries and improve production capacity management, while consolidating efforts to rectify "involution-style" competition.