EQUITIES: China & HK Equities Jump As Policy Conference Wraps Up

Hong Kong and Chinese have rallied heading into the lunch break as investors awaited the conclusion of China’s economic work conference for insights on 2025 fiscal and monetary strategies. Retail stocks in China surged on news of voucher programs to boost consumption.

• Tech stocks are benefitting from a rally overnight in the US, with the NASDAQ closing 1.90% higher. The HSTech Index is currently 2.00% higher, with Tongcheng Travel up 8.50%, Trip.com up 4.35% and Bilibili is 5.20% higher. Elsewhere property stocks are trading higher, with the Mainland Property Index up 1.20%, while the HSI is up 1.45%
• China mainland equities are also trading well with all sectors in the green. The CSI 300 is up 0.85%, outperforming smaller-cap indices.
• The Chinese economic policy meeting is expected to wrap up shortly with investors hopeful for supportive measures that could reveal what measures Beijing might use next year to combat deflation and the impact of potentially higher US tariffs.
• The data calendar is light on for the rest of the week, with focus turning to Industrial Production, Retail Sales on Monday,