China Stocks Meandered Ahead of U.S. Tariff Deadline Next Week

Li Chen
04 Jul, 2025
Hong Kong

Stocks in China struggled to advance for the second consecutive session amid a lack of progress in trade talks with the U.S. 

The Hang Seng index fell as much as 1%, and the mainland-focused CSI 300 index edged slightly higher after morning jitters. 

For the week, the Hang Seng index decreased 2.2%, but the CSI 300 index rose 1.6%. 

Property stocks in Hong Kong came under pressure after the Hong Kong Monetary Authority drained financial liquidity from the system by selling notes worth HK $29.634 billion.

Trade negotiations between China and the U.S. have so far yielded little progress, as both sides maneuver to gain an advantage. 

China is looking for the U.S. to cut down its additional duties to 10%, and the U.S. is expecting greater access for agriculture and food exports and protection of intellectual properties.

 

China Indexes and Stocks 

The Hang Seng Index declined 0.8% to 23,889.39, and the CSI 300 index added 0.4% to 3,983.40. 

CK Assets Holding Ltd. decreased 2.2% to HK $34.65, Sun Hung Kai Properties Ltd. declined 1.1% to $92.25, and Henderson Land Development Co. Ltd. fell 1.2% to HK $28.70. 

Alibaba Group Holding Ltd. decreased 0.4% to HK $105.60, and Alibaba Health dropped 7% to HK $4.19. 

Alibaba Group, the parent company for the health services provider, said it plans to sell US $1.5 billion of convertible bonds, potentially diluting its stake in the future. 

Anjoy Foods Group decreased 2.4% to HK $58.40, and the company completed its initial public offering on the Hong Kong Stock Exchange. 

The company raised net proceeds of HK$2.3 billion through the sale of 40 million shares at a price of HK$60per share.