Hong Kong Shares Bounce Back on Chinese Premier Remarks

2026-03-05 02:32 By Farida Husna 1 min. read

Hong Kong stocks surged 433 points, or 1.7%, to 25,679 in early Thursday trade, snapping a three-day slide as bargain hunters stepped in after markets hit an 11-week low.

Confidence was buoyed by Premier Li Qiang’s pledge to sustain momentum after China met its 2025 growth target, with officials setting a slightly lower 2026 goal of 4.5%–5%.

Fiscal support also remained firm, with local governments cleared to issue CNY 4.4 trillion in special-purpose bonds.

Further, Beijing plans to issue CNY 1.3 trillion in ultralong treasuries, matching last year’s quota.

Despite the rally, a sharp drop in U.S.

futures capped gains amid worries over Middle East tensions and their impact on energy logistics and inflation.

Locally, Hong Kong retail sales growth slowed to a five-month low of 3.4% in January from the prior 5.1%.

Broad-based gains were led by property, financials, and tech.

Among standout movers were AIA Group (4.4%), Minimax Group (4.0%), Innovent Biologics (3.9%), and XPeng (3.5%).



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