Hong Kong Stocks Surge on Optimism Over China's Economic Growth Plans

China's government pledges fiscal stimulus and technology innovation support as markets rally to multi-year highs.

Hong Kong's Hang Seng Index recorded its strongest weekly gain in nearly two months, rising 6.8% as investors responded positively to China's economic policies and growth targets.
China's National People’s Congress set a 5% growth target for 2025, with plans for increased fiscal stimulus, including 1.3 trillion yuan in special treasury bonds and expanded local government debt issuance.
Major Chinese tech firms like Alibaba, Tencent, and Baidu saw significant stock gains, driven by government pledges to foster AI development and technology innovation.
Mainland Chinese markets showed mixed performance, with the CSI 300 Index and Shanghai Composite Index posting modest gains during the week.
China's record-breaking export figures and increased focus on domestic consumption aim to counter external trade pressures and bolster economic stability.