China and Hong Kong Indexes Jumped 2%, China Evergrande Delisted After 16 Years

Li Chen
25 Aug, 2025
Hong Kong

Stock market indexes in China and Hong Kong jumped on Monday following the rising possibility of a U.S. rate cut. 

The Hang Seng index soared 2.1%, and the mainland-focused CSI 300 index jumped 2% after U.S. Federal Reserve Chair Jerome Powell laid out a case for a possible rate cut as early as next month. 

Fed Chair Powell cited shifts in risks between the softening labor market and inflationary forces after the sharp downward revision in nonfarm payrolls data for the months of May and June and weaker-than-expected job growth in July.

The possible cut in the U.S. rate is generally followed by a similar-sized rate cut in Hong Kong, as the central bank is mandated to keep the Hong Kong currency's peg to the U.S. dollar.

In mainland and Hong Kong trading, real estate developers, banks, and Internet-driven companies led the gains. 

China Evergrande Group was delisted from the Hong Kong Stock Exchange on Monday after the once largest developer by sales in China racked up as much as $300 billion in debt. 

The developer's stock has been suspended from Hong Kong trading since January 29, 2024, after the Hong Kong court ordered the liquidation of the firm.

 

China Indexes and Stocks 

The Hang Seng index advanced 2.1% to 25,866.49, and the mainland-focused CSI 300 added 2% to 4,438.81. 

Alibaba Group Holding adjusted 5.8% to HK $124.90, Meituan added 3.1% to HK $122.10, and JD.com Inc advanced 4.8% to HK $127.20. 

BYD gained 1.8% to ¥106.80, Li Auto jumped 5.8% to HK $94.70, and Xpeng decreased 0.4% to $91.50. 

Zijin Mining Group increased 56% to HK $24.24, CNOOC gained 2.6% to HK $18.84, and PetroChina Company inched up 0.3% to HK $7.53.