HK Stocks Close Higher. HSI up 1.5%; CATL Soars 16%; Xiaomi Surges 5%; JD.com, Alibaba up 2%

Market Watcher

May 20

The Hong Kong stock market closed higher on Tuesday after China cut key interest rates for the first time in seven months.

The Hang Seng Index rose 1.5%, the Hang Seng Tech Index up 1.2%.

Morgan Stanley’s upbeat view on China’s pharmaceutical industry boosted drug makers, which led the broader market gains. 3SBio soared 32%, RemeGen, Cstone Pharma rose 16%.

CATL rose 16%; Xiaomi rose 5%; BYD rose 2.5%; JD.com, Alibaba rose 2%; Meituan, Li Auto rose 1%; Tencent rose 0.6%.

The People’s Bank of China on Tuesday lowered the one-year loan prime rate (LPR) to 3 per cent from 3.1 per cent, while the five-year rate, a reference for long-term loans including mortgages, was also cut by 10 basis points to 3.5 per cent. The LPRs were last slashed by a quarter of a percentage point in October following a broad easing by the central bank.

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HSI up 1.5%; CATL Soars 16%; Xiaomi Surges 5%; JD.com, Alibaba up 2%","media":"Market Watcher","content":"<html><head></head><body><p>The Hong Kong stock market closed higher on Tuesday after China cut key interest rates for the first time in seven months. </p><p>The Hang Seng Index rose 1.5%, the Hang Seng Tech Index up 1.2%.</p><p>Morgan Stanley’s upbeat view on China’s pharmaceutical industry boosted drug makers, which led the broader market gains. 3SBio soared 32%, RemeGen, Cstone Pharma rose 16%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c919e6c3148ef7d441e083e8a28a7620\" tg-width=\"388\" tg-height=\"115\"/></p><p>CATL rose 16%; Xiaomi rose 5%; BYD rose 2.5%; JD.com, Alibaba rose 2%; Meituan, Li Auto rose 1%; Tencent rose 0.6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9667e02ea25d400aedcef7f6b61b0270\" tg-width=\"355\" tg-height=\"655\"/></p><p>The People’s Bank of China on Tuesday lowered the one-year loan prime rate (LPR) to 3 per cent from 3.1 per cent, while the five-year rate, a reference for long-term loans including mortgages, was also cut by 10 basis points to 3.5 per cent. 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HSI up 1.5%; CATL Soars 16%; Xiaomi Surges 5%; JD.com, Alibaba up 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1027265475\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Watcher </p>\n<p class=\"h-time\">2025-05-20 16:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Hong Kong stock market closed higher on Tuesday after China cut key interest rates for the first time in seven months. </p><p>The Hang Seng Index rose 1.5%, the Hang Seng Tech Index up 1.2%.</p><p>Morgan Stanley’s upbeat view on China’s pharmaceutical industry boosted drug makers, which led the broader market gains. 3SBio soared 32%, RemeGen, Cstone Pharma rose 16%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c919e6c3148ef7d441e083e8a28a7620\" tg-width=\"388\" tg-height=\"115\"/></p><p>CATL rose 16%; Xiaomi rose 5%; BYD rose 2.5%; JD.com, Alibaba rose 2%; Meituan, Li Auto rose 1%; Tencent rose 0.6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9667e02ea25d400aedcef7f6b61b0270\" tg-width=\"355\" tg-height=\"655\"/></p><p>The People’s Bank of China on Tuesday lowered the one-year loan prime rate (LPR) to 3 per cent from 3.1 per cent, while the five-year rate, a reference for long-term loans including mortgages, was also cut by 10 basis points to 3.5 per cent. The LPRs were last slashed by a quarter of a percentage point in October following a broad easing by the central bank.</p><p><br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09888","symbol_name":"百度集团-SW","start_time":0,"source_url":"","article_id":"1189155574","we_media_id":"1027265475","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189155574","pubTimestamp":1747729989,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Watcher","introduction":"stay tuned on realtime market movements","home_visible":1,"id":"1027265475","head_image":"https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72"},"summary":"On May 20, 2025, the Hong Kong stock market opened with mixed results. 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