China Stocks Lacked Momentum Ahead of Fourth Plenum Blueprint Details

Li Chen
23 Oct, 2025
Hong Kong

Stocks in China flatlined as top policymakers convened in Beijing for the fourth Plenum of he Communist Party's Central Committee. 

The Hang Seng index decreased 0.1%, and the mainland-focused CSI 300 index declined 0.6%. 

Latter in the day, China's policymakers are set to announce their blueprint for economic development between 2026 and 2030 as the world's second-largest economy tightens trade linkages with the ASEAN region. 

Policymakers are set to devise a plan to accelerate investment in advanced technologies, diversify China's exports away from the U.S., and deepen investments in South America, Africa, and the ASEAN region. 

Moreover, local governments are seeking alternative revenues as the residential property market's collapse shows no signs of easing. 

China's economic growth is likely to experience a further slowdown of between 2% and 4%, and deflationary forces are likely to keep profit margins thin for the foreseeable future. 

At the same time, low interest rates are spurring investors to shift into riskier assets and seek safe haven in precious metals. 

 

China Indexes and Stocks 

The Hang Seng Index decreased 0.1% to 25,752.32, and the CSI 300 index dropped 0.6% to 4,565.79. 

Property developers advanced amid hopes of additional stimulus after the end of the fourth Plenum. 

China Vanke decreased 0.8% to HK $4.62, Longfor Group Holdings dropped 0.7% to HK $10.27, and Sun Hung Kai Properties Ltd. rose 0.6% to HK $92.75. 

Midea Group edged up 0.1% to HK $82.65, Pop Mart International Group dropped 9.9% to HK $232.20, Nongfu Spring Co. Ltd. eased 0.4% to HK $54.05, Li Ning Co. Ltd. soared 6% to HK $18.44, and Anta Sports Products decreased 0.1% to HK $87.40. 

Zijin Gold International dropped 1.7% to HK $129.10 after gold prices extended a two-day losses to over 8%, the deepest decline in 12 years.  

Shandong Gold Mining dropped 1.7% to HK $33.50, Zijin Mining Group decreased 1.7% to HK $31.22, and Chifeng Jilong Gold Mining 2% to HK $27.94.