China plenum met with falling Hong Kong stocks, mixed mainland shares

Key policy meeting receives lukewarm response as some rue 'missed opportunity'

20240719 China plenum 2

Chinese President Xi Jinping, center, and other top officials lead the third plenary session of the 20th Communist Party of China Central Committee, held from July 15 to 18 in Beijing. (Xie Huanchi/Xinhua via AP)

WATARU SUZUKI and ECHO WONG, Nikkei staff writers

SHANGHAI/HONG KONG -- Hong Kong stocks fell while those in mainland China were mixed on Friday after the ruling Communist Party laid out plans to double down on its pursuit of technology self-sufficiency at a closely watched policy meeting.

The party's Central Committee, headed by President Xi Jinping, issued a communique on Thursday after a four-day gathering known as the third plenum. It identified "high-quality development" as a key priority, and said reform tasks will be completed "by the time the People's Republic of China celebrates its 80th anniversary in 2029."

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.