Hong Kong stocks bounce back from 4-month low as CSRC vows to stabilise market

The Hang Seng Index rose 0.6 per cent to 18,979.99 as of 10.11am local time. The Hang Seng Tech Index gained 0.5 per cent.

The CSI 300 Index climbed 0.8 per cent, and the Shanghai Composite Index added 0.9 per cent.

Biotech firm Wuxi AppTec rallied 3.3 per cent to HK$53.60 after selling a stake in a unit for HK$2.43 billion (US$312 million). Meituan advanced 4.4 per cent to HK$143.50, and JD.com gained 2.3 per cent to HK$131.70.

Stability tops the agenda in 2025, and every effort will be made to maintain the good momentum on the market, the China Securities Regulatory Commission (CSRC) said in a statement on its website after a work conference that spelled out its annual major tasks. The watchdog also said that it would collaborate with the central bank to effectively implement funding facilities for stock purchases.

UBS Group said that Chinese stocks are likely to be higher at the end of 2025 thanks to improved corporate earnings and policy support that may end the more than two-year deflation trend.