Expectations of Supportive Policy Measures Lifted China Indexes, JD.com Repots Quarterly Loss

Li Chen
06 Mar, 2026
Hong Kong

Stock market indexes in China rebounded, defying an Asia-wide trend, as policymakers gathered for the annual session. 

The Hang Seng Index increased 1.4%, and the mainland-focused CSI 300 Index edged up 0.2% as investors held out for policy measures that could stimulate advance technology adoption. 

China's so-called "Two Sessions," an annual gathering of the parliamentary body and policymakers, opened its deliberations earlier this week. 

Policymakers lowered their annual economic growth target to between 4.5% and 5% and supported the rapid deployment of advanced technologies over tax incentives for consumers and businesses.

However, market sentiment remained subdued, and the Hang Seng Index cut its weekly losses to 2%, and the CSI 300 Index edged down 0.5%. 

Global market sentiment has been waning over the last six weeks, reflecting investors' skepticism about the financial rewards from the elevated levels of investment in artificial intelligence infrastructure. 

The widening war in the Middle East has raised worries of a spike in global inflation because of a sharp rise in energy prices and disruption in trade and energy transportation routes. 

Moreover, the US-Iran war shows no sign of easing, as Israel stepped up missile strikes on key targets in Iran, killing at least 165 school children earlier in the week.

 

China Indexes and Stocks 

The Hang Seng Index rose 1.4% to 25,739.49, and the mainland-focused CSI 300 Index edged up 0.2% to 4,656.75.

JD.com soared 8.6% to HK $105.30 after the e-commerce platform operator reported its latest financial results. 

Net income in the fourth quarter swung to a loss of 2.7 billion yuan compared to a profit of 9.9 billion as the company offered severe discounts for its delivery services amid a price war with Alibaba and Meituan. 

In addition, the weakening of consumer demand during the ending of the national subsidy program played a role in the quarter.

Revenue in the quarter increased 1.5% from a year ago to 352.3 billion yuan, and the company said its food delivery market share was 15% at the end of 2025 and set the target around one-third by the year's end.