Chinese stocks fall after key economic conference disappoints

Benchmark falls nearly 2% while long-term bond yields hit new low

The Chinese government issued policy guidelines to raise consumption and boost the birth rate in 2025 during the annual Central Economic Work Conference on Dec. 12. © Reuters

WATARU SUZUKI and ECHO WONG, Nikkei staff writers

December 13, 2024 13:20 JST

Updated on December 13, 2024 18:04 JST

SHANGHAI/HONG KONG -- Chinese stocks fell and long-term bond yields hit fresh record lows on Friday, a day after a closely-watched meeting by top officials failed to ease investor concerns over an economic slowdown.

The mainland's blue-chip CSI 300 Index opened 0.7% lower and dropped further to 1.82% at the end of the Friday morning session, falling below the 4,000 point mark.