In the first half of 2025, the stock market of the Hong Kong Special Administrative Region ranked among the top in major global indices, with Hong Kong thematic funds dominating the top ten gainers of the "Qualified Domestic Institutional Investor (QDII)".
In the first half of the year, the Hang Seng Index, the benchmark of Hong Kong's stock market, rose 20 percent and the Hang Seng Technology Index grew 18.68 percent. According to Wind statistics, in the same period, a total of 173 stocks in the Hong Kong stock market saw their prices double, and basically every trading day, the share prices of some individual stocks reached new historical highs.
Southbound funds have become an important source of incremental funds for the Hong Kong stock market in the first half of the year, with a net purchase scale reaching 684.2 billion Hong Kong dollars, doubling compared to the same period of last year. The Internet, consumer goods and healthcare sectors became the main allocation directions for southbound funds.
"The structure of the Hong Kong stock market has undergone tremendous changes. A batch of relatively high-quality companies have emerged, and it is these companies that have driven the Hong Kong stock market to perform well," said Sun Wei, fund manager of Origin Asset Management.
Hong Kong stocks show remarkable performance in H1
China's natural gas production is projected to reach 300 billion cubic meters by 2030, according to a development report released in Beijing.
The report, covering the development of China's oil and gas industry during the country's 14th Five-Year Plan period (2021–2025), said proven geological reserves rose by 7 billion tons of oil and 7 trillion cubic meters of gas, up 43 percent and 40 percent respectively from the previous five-year period. Oil and gas production hit record highs.
"The oil output is likely to reach between 215 and 216 million tons this year. Natural gas has seen major growth during the 14th Five-Year Plan period (2021–2025), with annual domestic output rising by nearly 13 billion cubic meters. In the 15th Five-Year Plan period (2026-2030), we expect annual increases of more than 10 billion cubic meters, reaching 300 billion cubic meters around 2030," said Wu Mouyuan, deputy director of the Economics and Technology Research Institute of China National Petroleum Corporation (CNPC).
The report forecast that China's energy structure will feature less coal, stable oil and gas, and rising non-fossil fuels over the next decade.
By 2060, fossil fuels are expected to account for 23 percent of the energy mix, hydropower and nuclear 19 percent, wind 25 percent, and solar 30 percent, the report said.
"In the next five years, through the integrated development of fossil energy and renewables, we will achieve a heathy, stable, and resilient energy system. Clean energy will continue to grow rapidly. More than 90 percent of renewable energy will be consumed via electricity, so the electrification at end-use sectors is a key direction of transformation in the future," said Wu.
With the rapid growth of artificial intelligence and new high-energy industries, China's power demand will exceed 20 trillion kilowatt hours by 2060, double the 2025 level. Electrification at end-use sectors is expected to reach 62 percent, rising by nearly one percentage point annually, the report projected.
China to see gas output hitting 300 bcm by 2030: report
