Market Updates
China and HK Indexes Ended 4-Day Slump, CICC Agreed to Acquire Two Smaller Rivals
Li Chen
20 Nov, 2025
Hong Kong
China and Hong Kong indexes halted a 4-day slump after tech stocks edged higher.
The Hang Seng inched up 0.4%, and the mainland-focused CSI 300 index increased 0.3% after Nvidia's results surpassed market expectations.
Nvidia Corp., the AI chip maker at the center of a seven-month-long market rally, reported revenue soared 62% from a year ago to a record $57 billion in its latest quarter, soothing market nerves.
The company's current-quarter revenue guidance exceeded market expectations, easing worries that surging valuations were ahead of fundamentals.
Following Nvidia's stronger-than-expected quarterly results and outlook, AI supply chain-driven stocks rallied in Japan, South Korea, and Taiwan.
China Indexes and Stocks
The Hang Seng Index edged up 0.4% to 25,916.89, and the mainland-focused CSI 300 index gained 0.3% to 4,602.02.
China International Capital Corp., or CICC, was halted at HK $18.96 after the company announced its plans to acquire two smaller rivals.
The combined company would have about one trillion yuan, or $140 billion, in assets under management after merging with Cinda Securities and Dongxing Securities.
The People's Bank of China and central committee policymakers have been urging brokerage companies to consolidate and create domestic giants capable of international expansion.
A unit of China's sovereign wealth fund, Central Huijin Investment, controls CICC, Cinda, and Dongxing, facilitating the easier consolidation.
Central Huijin controls a 40% stake in CICC, 45% in Dongxing, and 79% in Cinda.
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