The Hang Seng Index rose 0.4 per cent to 23,765.60 as of 10.08am local time. The Hang Seng Tech Index gained 0.2 per cent. On the mainland, the CSI 300 Index climbed 0.3 per cent and the Shanghai Composite Index added 0.1 per cent.
Electric-vehicle makers led the broader market, with Li Auto rising 3.9 per cent to HK$115.20 and BYD climbing 3.2 per cent to HK$458. Alibaba Group Holding gained 0.7 per cent to HK$122.60 and Meituan added 0.2 per cent to HK$136.60.
Morgan Stanley on Wednesday raised China’s economic growth forecast for 2025 to 4.5 per cent from 4.2 per cent and for 2026 to 4.2 per cent from 4 per cent. The US investment bank said in a report that it expected China’s central bank to cut the policy rate by 15 to 20 basis points and the reserve requirement ratio by half a percentage point by the end of the year.
Elsewhere in Asia-Pacific, Japan’s Nikkei 225 slipped 0.2 per cent, while South Korea’s Kospi and Australia’s S&P/ASX 200 rose 0.9 per cent.
