Analysts have seen a swell of optimism among overseas investors, and some pundits are expecting more fund inflows as the Chinese government is determined to achieve an ambitious 5 per cent economic growth target for this year while using stabilisation tools to counter any uncertainties raised by US President Donald Trump.
As China’s top economic officials laid out their priorities for 2025 during a press conference on Thursday afternoon, Hong Kong stocks extended gains in the final trading hour – closing up 3.3 per cent and hitting the highest level since February 17, 2022. It marked a 50 per cent rise from a year earlier, beating major international markets.
The Hang Seng Tech Index surged 5.4 per cent, closing at a level not seen since December 2021.
The CSI 300 Index, which tracks blue-chip firms in Shanghai and Shenzhen markets, climbed 1.4 per cent while the Shanghai Composite Index rose 1.2 per cent. In the past year, both indices were up 11 per cent.
China is about to embrace major opportunities, according to a fund manager at a major investment firm.
