China Indexes Trade In Narrow Range Ahead of CEWC Policy Announcements

Li Chen
11 Dec, 2025
Hong Kong

Stocks in China and Hong Kong diverged as investors awaited policy signals from top leaders. 

The Hang Seng Index advanced 0.5%, and the mainland-focused CSI 300 index decreased 0.3% as investors debated possible stimulus measures in the year ahead.

The The Central Economic Work Conference, an annual gathering of top policymakers chaired by China's premier, sets policy priorities and economic targets for the upcoming years and is scheduled for mid-December.  

Investors are estimating the government to lower the 2026 GDP growth target rate to 4.5% from the 5% rate set for 2025, amid an uncertain outlook for exports, weakening domestic consumer demand, and persistent malaise in the residential property market. 

The Hong Kong Monetary Authority adjusted its benchmark rate, reflecting the U.S. Fed's rate actions, and maintained a currency peg with the U.S. dollar.  

The U.S. Federal Reserve lowered the fed funds rate range by 25 basis points to between 3.5% and 3.75%, following similar moves in September and October. 

The Fed's rate cut and positive views on the economy supported the market advance in overnight trading in New York. 

The U.S. economy is in "good shape," and economic growth is likely to pick up after the tariff-related inflationary impact wanes, commented Fed Chair Jerome Powell after the rate decisions. 

 

China Indexes and Stocks 

The Hang Seng Index rose 0.5% to 25,563.16, and the mainland-focused CSI 300 index declined 0.3% to 4,582.51. 

Jingdong Industrials, Inc., decreased 2% to HK 13.96, and the company listed its stock on the Hong Kong Stock Exchange. 

The industrial supply chain technology and service provider priced its initial public offering at HK $14.10 a share and raised gross proceeds of HK $2.98 billion through the sale of 211.2 million shares.