Market Updates
China and HK Indexes Hover at Multi-Year Highs; Tencent, CK Infrastructure, and Power Assets In Focus
Li Chen
14 Aug, 2025
Hong Kong
Benchmark indexes in China and Hong Kong traded at multi-year highs amid waning buzz about the U.S. tariffs, and the earnings season picked up pace.
The Hang Seng index decreased a fraction and hovered near a four-year high after Tencent Holdings reported better-than-expected quarterly results.
Earnings remained in focus after Power Assets Holdings and CK Infrastructure Holdings reported higher-than-expected first-half results.
China's annual M1 money supply increased 5.6% in July, indicating improving economic conditions, according to data released by the People's Bank of China.
Market sentiment was cautious ahead of the release of retail sales, fixed-asset investment, and new home prices on Friday.
China Indexes and Stocks
The Hang Seng index decreased 0.1% to 25,597.85, and the CSI 300 index rose 0.5% to 4,199.06.
Tencent Holdings Ltd. increased 1.4% to HK $594.0, and the Internet platform operator reported better-than-expected second-quarter results.
Revenue increased 15% to 184.5 billion yuan, and net income soared 16% to 55.6 billion yuan, or $7.81 billion, from a year ago, respectively.
Video game sales advanced 17% to 40.4 billion yuan, and revenue from fintech and business services increased 10% to 55.5 billion yuan.
Annual Returns
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Earnings
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