Market Updates
China Investors Turned Cautious Ahead of Earnings and Politburo Meeting
Li Chen
29 Jul, 2025
Hong Kong
In cautious trading, stock market indexes in China and Hong Kong traded down from recent highs ahead of the start of the earnings season this week.
The Hang Seng index decreased 1%, and the mainland-focused CSI 300 index declined a fraction ahead of the HSBC and Hang Seng Bank earnings this week.
Market sentiment was cautious ahead of the Federal Reserve's rate decisions on Thursday and the start of the Politburo meeting chaired by President Xi Jinping.
Top leaders are likely to restate their commitment to reducing excess capacity in manufacturing solar panels, electric vehicles, lithium batteries, and other industrial goods industries.
In addition, investors are awaiting details from the ongoing U.S.-China trade talks in Stockholm, Sweden, amid expectations that the current August 12 deadline is likely to be pushed back by another 90 days.
China Indexes and Stocks
The Hang Seng Index declined 1% to 25,320.56, and the mainland-focused CSI 300 index decreased 0.04% to 4,133.80.
Tencent Holdings dropped 1.2% to HK $549.0, and the company's largest stockholder, Prosus NV, sold 1.13 million shares last week.
HSBC Holdings plc declined 0.5% to HK $100.60 ahead of the company's financial results on Wednesday.
Xinyi Solar Holdings Ltd declined 1% to HK $3.18, and the affiliate Xinyi Glass Holdings Ltd fell 0.3% to HK $8.32 ahead of their quarterly results on Friday.
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