China, HK stocks climb after Beijing pledges support for growth

Dec 12, 2025, 11:42 GMT+7
Reuters - China and Hong Kong shares rose on Friday after Beijing released comments from its annual economic conference reaffirming support for growth, as expected, although both markets were set to finish the week slightly lower.
** China's blue-chip CSI300 Indexedged 0.2% higher by the lunch break, while the Shanghai Composite Indexwas trading flat. Hong Kong's benchmark Hang Seng Indexwas up 1.4%.
** The CSI 300 Index has lost 0.5% so far this week, while the Hang Seng Index dropped 0.8%.
** Chinese leaders promised on Thursday to maintain a "proactive" fiscal policy next year that would stimulate both consumption and investment to maintain high economic growth, which analysts expect Beijing to keep target at roughly 5%.
** The tone appeared modestly more pro-growth than the December Politburo meeting, with policymakers highlighting challenges, pledging to stabilise the property sector and signaling further easing on monetary, fiscal and credit fronts, Goldman Sachs said in a note.
** Goldman Sachs expects the 2026 policy targets to remain unchanged, including GDP growth of around 5%, CPI at about 2%, and an on-budget fiscal deficit equal to 4% of GDP.
** Shares of Moore Threads Technology (688795.SS) fell more than 10% on Friday after company warned investors of trading risks following a recent rally. Even so, the artificial-intelligence sub-indexgained 1.1%.
** Non-ferrous metal stocks led gains both onshore (.CSISNMIM) and offshore (.HSCIM), rising 0.6% and 2.6%, respectively, as copper prices hit a record high and gold reached a one-month peak.
** Tech majors traded in Hong Kongwere up 1.3%.
** Chinese developer Vanke sharesheld steady ahead of a bondholder vote due to conclude later in the day.
** Hong Kong's Hang Seng Mainland Properties Indexwas up nearly 1%.

Sumber : Reuters