China and Hong Kong Indexes Meander Ahead of Flood of Earnings

Li Chen
19 Mar, 2025
Hong Kong

Stock market indexes in China and Hong Kong meandered around the flatline, and investors prepared to review a flood of earnings results from leading companies this week. 

The Hang Seng index closed up 0.1%, and the mainland-focused CSI 300 index edged up 0.06%, ahead of earnings from Tencent Holdings. 

Investors are awaiting earnings results from several leading companies, including results from Ping An Insurance, Geely Automotive, FILA Holdings, ANTA Sports, and Longfor Group. 

The Hang Seng index has rebounded over the last six weeks and extended 2025 gains to lead world market indexes amid hopes that Chinese companies' earnings growth is likely to surpass low market expectations. 

Moreover, leading tech companies Tencent Holdings, Alibaba Group, JD.com, and Baidu.com are likely to benefit from affordable access to artificial intelligence technology infrastructure developed by DeepSeek. 

China's semiconductor companies are expected to develop homegrown chip design and manufacturing processes to build servers capable of handling queries for artificial intelligence applications. 

Hong Kong investors awaited monetary policy decisions and economic projections from the U.S. Federal Reserve later today, and the central bank is expected to hold steady its fed funds rate range between 4.25% and 4.50%. 

Investors have lowered expectations of additional rate cuts to two from four at the end of last year, after the Trump administration slapped tariffs on key trading partners China, Mexico, Canada, and the European Union. 

 

China Indexes and Stocks 

The Hang Seng index added 0.1% to 24,774.02, and the mainland-focused CSI 300 index increased 0.1% to 4,010.17. 

Tencent Holdings Ltd. increased 0.2% to HK $542.0, Baidu Inc. declined 4% to HK $99.20, and Alibaba Group Holding declined 1.5% to HK $141.20. 

China Vanke Co. Ltd. increased 0.5% to HK $6.17, Longfor Group Holdings Ltd. decreased 0.9% to HK $10.92, and Henderson Land Development advanced 0.4% to HK $23.20.