Market Updates
China Update Tuesday
Li Chen
22 Jul, 2025
Hong Kong
Stocks in China and Hong Kong lacked direction ahead of possible announcements after the Politburo meeting.
The Hang Seng index and the mainland-focused CSI 300 index wavered around the flatline, and benchmark indexes traded near three-year highs.
China's leaders are likely to focus on curbing "excessive" competition in solar panels, electric vehicles, and lithium batteries.
Solar panel makers are struggling with falling prices, lackluster growth in demand, and high tariffs in the U.S.
About 60 leading solar panel makers are likely to report large losses for the third year in a row, despite rising domestic and global sales.
Electric vehicle and lithium battery makers are facing stagnant sales amid intense price competition and a sharp rise in production capacity.
Moreover, investors are looking forward to possible stimulus measures to support residential properties as home prices retain a downward bias for the second consecutive year.
China Indexes and Stocks
The Hang Seng index edged up 0.01% to 24,991.34, and the mainland-focused CSI 300 index inched higher 0.2% to 4,095.28.
New Oriental Education & Technology Group decreased 4.4% to HK $37.05, but Kuaishou Technology gained 1.5% to HK $72.55.
Li Auto declined 2.4% to HK $119.90, BYD fell 2.4% to HK ¥118.0, and Xpeng eased 0.4% to $71.85.
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Earnings
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