China Indexes Advanced Ahead of Holiday Break, Four New Listings Plunged

Li Chen
22 Dec, 2025
Hong Kong

Stocks advanced on Monday in China and Hong Kong at the start of the holiday-shortened week. 

The Hang Seng Index increased 0.3%, and the mainland-focused CSI 300 index advanced 0.8% as investors adjusted positions as the year-end approached. 

The Hong Kong Stock Exchange will close early on December 24, while market operations will be suspended on December 25 and 26 and reopen regular trading hours on December 29.  

The Stock Connect, the electronic link that facilitates traders in mainland China to purchase stocks in Hong Kong, will also halt its trading in the early afternoon on December 24 and reopen on December 29.  

Optimism prevailed in Monday's trading as investors held out for a strong finish in 2025, driven by expectations of higher earnings.  

Across Asia, benchmark indexes advanced nearly 2% in Tokyo and Seoul, edged higher 1% in Sydney, and gained a fraction in Taiwan and Malaysia. 

 

China Stocks and Movers 

The Hang Seng Index increased 0.3% to 25,768.64, and the mainland-focused CSI 300 index added 0.8% to 4,604.43. 

E-commerce and AI-linked stocks dominated market gainers on Monday.

Alibaba Group advanced 1.1%, Tencent Holdings edged up 0.1%, Baidu Inc. jumped 2%, and Meituan inched higher 0.2%. 

On the downside, ZTO Express, Xiaomi, and NetEase declined between 1% and 2%. 

Four new companies listed on the Hong Kong Stock Exchange on Monday, as companies raced to complete initial public offerings ahead of the year's end. 

BenQ BM Holding dropped nearly 40% to HK $5.75, and the general hospital group priced its initial public offering at HK $9.34 per share. 

The company raised HK$625.8 million in gross proceeds through the sale of 67 million shares. 

B&K Corporation Ltd. dropped 7% to HK $35.40, and the biopharma company priced its offering at HK $38.20 per share. 

The protein therapy-focused company raised gross proceeds of HK $674.2 million through the sale of 17.6 million shares. 

Impression Dahongpao plunged more than 25% to HK $2.70, and the cultural tourism-focused company priced its initial offering at HK $3.60 per share. 

The cultural tourism services provider and hotel management company raised gross proceeds of HK $129.96 million through the sale of 36.1 million shares. 

Nanhua Futures decreased 19% to HK $9.50, and the company priced its initial public offering at HK $12.0 per share. 

The futures brokerage company raised gross proceeds of HK $1.3 billion through the sale of 107.6 million shares.