China Stocks Advanced After Mixed Economic Data Confirmed Expansion

Li Chen
20 Oct, 2025
Hong Kong

Stocks in China and Hong Kong advanced on Monday after the release of key economic data. 

The Hang Seng Index gained 2.2%, and the mainland-focused CSI 300 index advanced 0.8% amid hopes of improving US-China relations. 

China's third-quarter GDP growth slowed, weighed down by the prolonged property slump and trade tensions with the U.S. 

GDP expanded at 4.8% from a year ago in the September quarter, compared to 5.2% in the second quarter, the National Bureau of Statistics reported on Monday. 

The economic growth eased to the slowest pace since the third quarter in 2024, as economic activities lost momentum amid trade uncertainties, weakening consumer confidence, and a prolonged slump in the property market. 

In the first nine months of the year, the economy expanded at 5.2%. 

China's annual retail sales growth slowed to 3% in September, compared to 3.4% in the previous month, the statistical agency said in a separate report. 

Retail sales rose at the slowest pace since August 2024, with weaker growth in household appliances, precious jewelry, and sports and entertainment products. 

For the nine months to September in 2025, retail sales advanced 4.5% from a year ago. 

The property market slump showed no signs of abating, and prices of new and existing homes fell in September. 

New home prices across 70 cities declined 2.7%, and existing home prices decreased 0.6% from a year ago, respectively. 

The housing market slump extended to the fourth year as several leading developers struggled to complete pre-sold homes and failed to meet loan agreements set by lenders.

Consumer sentiment remained depressed amid a faster decline in existing home prices in the second- and third-tier cities, 5.5% and 5.7%, respectively.  

Industrial production growth accelerated in September, as manufacturing and mining output surged, the statistical agency said on Monday. 

Industrial output expanded 6.5% from a year ago in September, compared to an annual pace of 5.2% in the previous month. 

Output in the manufacturing sector surged to an annual pace of 7.3%, and output in the mining sector advanced to 6.4%. 

 

China Indexes and Stocks

The Hang Seng Index jumped 2.2% to 25,855.15, and the mainland-focused CSI 300 index added 0.8% to 4,550.33. 

Property stocks faced selling pressure after the September home sales data confirmed the prolonged slump. 

Longfor Group Holdings decreased 1.4% to HK $10.26, China Vanke Company edged up 0.9% to HK $4.56, and Sun Hung Kai Properties added 1.8% to HK $94.40. 

Alibaba Group Holding soared 4.9% to HK $162.10, Tencent Holdings Ltd. added 3.8% to HK $631.0, and Meituan advanced 2.4% to HK $96.75.