MNI China Daily Summary: Friday, November 22

UK NOV FLASH MANUF PMI 48.6 (FCST: 50.0); OCT 49.9

EUROZONE NOV FLASH MANUF PMI 45.2 (FCST: 46.0); OCT 46.0

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

GERMANY NOV FLASH MANUF PMI 43.2 (FCST: 43.0); OCT 43.0

FRANCE NOV FLASH MANUF PMI 43.2 (FCST:44.5); OCT 44.5

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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EQUITIES: China & Hong Kong Equities Edge Higher On Stimulus Hopes

EQUITIES
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Chinese and Hong Kong markets traded higher on Friday, driven by optimism surrounding the real estate sector and potential government stimulus measures. The HSI is 1.20% higher, trimming its weekly decline to just  0.3%, while the CSI 300 trades 1.10% higher. A key factor was a 22% rise in residential presales in 30 major Chinese cities, with first-tier cities leading the gains, boosting investor sentiment.

  • Solar stocks in China rebounded sharply, with Xinyi Solar jumping 11% and Xinyi Glass up 4.1%, following news that the US may consider cutting tariffs on Chinese solar products. Additionally, positive remarks from China’s Photo-voltaic Industry Association regarding pricing strategies in the sector helped lift stocks.
  • EV Stocks have also rallied with the CSI New Energy Vehicle Index up 5.40% as traders remain hopeful about further policy support and better growth prospects in China.

  • China is launching 20 new equity funds linked to the recently created A500 index, which tracks 500 large-cap, highly liquid stocks from various industries. This move comes after 10 ETPs based on the A500 index raised 20b yuan ($2.8b) and saw rapid asset growth, doubling to 39b yuan within just seven trading days. The introduction of these mutual funds, backed by ETFs tracking the A500 index, is seen as part of broader government efforts to stabilize the economy and stock market, attracting investor confidence. 

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Chinese and Hong Kong markets traded higher on Friday, driven by optimism surrounding the real estate sector and potential government stimulus measures. The HSI is 1.20% higher, trimming its weekly decline to just  0.3%, while the CSI 300 trades 1.10% higher. A key factor was a 22% rise in residential presales in 30 major Chinese cities, with first-tier cities leading the gains, boosting investor sentiment.

  • Solar stocks in China rebounded sharply, with Xinyi Solar jumping 11% and Xinyi Glass up 4.1%, following news that the US may consider cutting tariffs on Chinese solar products. Additionally, positive remarks from China’s Photo-voltaic Industry Association regarding pricing strategies in the sector helped lift stocks.
  • EV Stocks have also rallied with the CSI New Energy Vehicle Index up 5.40% as traders remain hopeful about further policy support and better growth prospects in China.

  • China is launching 20 new equity funds linked to the recently created A500 index, which tracks 500 large-cap, highly liquid stocks from various industries. This move comes after 10 ETPs based on the A500 index raised 20b yuan ($2.8b) and saw rapid asset growth, doubling to 39b yuan within just seven trading days. The introduction of these mutual funds, backed by ETFs tracking the A500 index, is seen as part of broader government efforts to stabilize the economy and stock market, attracting investor confidence.