A woman walks past an electronic display showing the Hang Seng Index in the Central district of Hong Kong on May 27. Photo: AFP
A woman walks past an electronic display showing the Hang Seng Index in the Central district of Hong Kong on May 27. Photo: AFP
China stock market
Business /  China Business

Alibaba, Geely lift Hong Kong stocks on China stimulus bets as Xi pledges to achieve 5.5 per cent growth target

  • Xi pledged to achieve the national growth target of 5.5 per cent despite doubts among economists and investment banks after losses induced by Covid-19 lockdowns
  • Geely Auto led auto stocks higher while NetEase and Alibaba logged big gains as traders counted on policy support to drive corporate earnings

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 5:33pm, 23 Jun, 2022

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A woman walks past an electronic display showing the Hang Seng Index in the Central district of Hong Kong on May 27. Photo: AFP
A woman walks past an electronic display showing the Hang Seng Index in the Central district of Hong Kong on May 27. Photo: AFP
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