** China’s blue-chip CSI300 index closed up 0.05%, while the Shanghai Composite index was down 0.01%.
** The CSI 2000 index, which tracks small-cap stocks, fell 2.3%, while energy shares added 1.3%.
** Chinese retail investors often favor small concept stocks, mainly for speculative purposes, attracted by potential quick gains despite the risks.
** Several AI and e-commerce concept stocks fell sharply, with Hydsoft Technology down 10%, while bank stocks extended their rally.
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** China’s central bank on Wednesday kept interest rates unchanged and conducted medium-term loan operations.
** Efforts to stabilize China’s real estate market will continue in 2025, China Construction News reported, citing a work conference held by housing regulators.
** CSI Real Estate shares were down 1.6%.
** Financial markets in Hong Kong will be closed until Thursday for a holiday.
** Looking ahead to 2025, Alliance Bernstein maintains a cautiously optimistic view on China’s onshore stocks.
** “With policy stimulus guidance, the domestic economy is expected to emerge from its recession and stabilize gradually, leading to a recovery in the earnings of listed companies,” said Huang Senwei, senior market strategist at AllianceBernstein.
** Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year to boost fiscal stimulus, sources with knowledge of the discussions told Reuters on Tuesday. ($1 = 7.2988 Chinese Yuan Renminbi).
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