Chinese and Hong Kong Stock Markets End Multi-Year Losing Streaks in 2024

China's Shanghai Composite Index gained 12.8% and Hong Kong's Hang Seng Index rose 17.7% this year, driven by policy support and economic recovery measures.

• China's Shanghai Composite Index posted a 12.8% annual gain in 2024, its first increase since 2021, following two years of declines.
• Hong Kong's Hang Seng Index ended a four-year losing streak with a 17.7% rise, supported by new stimulus measures and improved investor sentiment.
• Chinese authorities implemented significant policy actions, including interest rate cuts, home purchase incentives, and funding schemes for stock buying, to stabilize markets and boost confidence.
• Banking stocks led gains in China's onshore market with a 34.7% surge, while the semiconductor sector saw a 53.9% increase amid U.S. chip restrictions.
• Despite year-end declines in mainland markets, analysts anticipate further supportive policies in 2025 to address lingering economic challenges.

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Barron's South China Morning Post