Chinese Stocks Race Past Peers for First Annual Gain Since 2020
- CSI 300 Index and HSCEI outperformed Asian peers this year
- Continued stimulus efforts key to sustain growth momentum
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Chinese stocks posted their first annual advance since the pandemic, and more gains may be in store if Beijing offers further growth support.
The onshore benchmark CSI 300 Index has climbed almost 15% since end-2023 to halt an unprecedented three-year losing streak. A gauge of Chinese equities listed in Hong Kong jumped 26% to record its biggest yearly increase since 2009. In comparison, the MSCI Asia Pacific Index has risen around 7% in 2024.