Market Updates
China and Hong Kong Indexes Advanced, Country Garden Resumed Trading After 9-Month Suspension
Li Chen
21 Jan, 2025
Hong Kong
Stock market indexes in China lacked direction, but foreign investors bid up stocks in Hong Kong in the hopes of improving relations with the U.S.
The Hang Seng index jumped as much as 1%, and the mainland-focused CSI 300 index edged slightly higher.
Tech stocks, electric vehicle makers, and residential property developers advanced in Hong Kong trading after the newly appointed U.S. presidential administration delayed the ban on TikTok by 75 days.
Investors remained cautious amid uncertainties about the possible additional and tougher trade barriers targeting manufactured goods made by China-owned companies.
Investors are hoping that the electric vehicle makers, shipping companies, solar panel and component makers, and renewable energy products companies will be able to find ways to sustain recent export growth in 2025.
China Stock Movers
The Hang Seng index increased 0.9% to 20,103.25, and the mainland-focused CSI 300 index gained 0.02% to 3,830.57.
Residential property developers traded higher after Country Garden Holdings resumed trading following a nine-month suspension.
Country Garden Holdings jumped 23% to HK $0.60 after the embattled property developer released a proposal to restructure its $11 billion of liabilities to foreign investors.
Longfor Group Holdings gained 2.8% to HK $10.16, China Resources Land advanced 1.9% to HK $23.85, China Vanke Co. Ltd. soared 10.1% to HK $5.45, and Henderson Land Development decreased 0.4% to HK $22.45.
BYD increased 1.6% to HK $279.40, Li Auto advanced 4.9% to HK $93.80, and Geely Automobile Holding jumped 2.9% to HK $14.72.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|