On Monday, the Hong Kong stock market saw a mixed performance with the Hang Seng Index (HSI) rising by 0.77% and the Hang Seng China Enterprises Index (HSCEI) up by 0.57%. However, the Hang Seng Tech Index (HSTECH) fell by 0.14%.

China will take steps to revive consumption by boosting people’s incomes, according to the official Xinhua News Agency, as part of a plan that adds to recent pledges by the government to support demand in an economy threatened by Donald Trump’s tariffs.

The guidelines that came from a State Council report set out other measures such stabilizing the stock and real estate markets, and offering incentives to raise the country’s birth rate. Investors await further clues from top officials during a press conference set to be held 3 p.m. Monday on steps to boost consumption.

Property management stocks led the gains, with Country Garden Services up 9.33%, Shimao Services up 3.96%, and A-Living Services up 5.52%. The sector benefited from continuous net inflows of operating cash and expectations of sustained high dividends.

Mainland property stocks also performed well, with Country Garden rising 5.77%, China Overseas Grand Oceans Group up 3.96%, CIFI Holdings up 5.56%, and Agile Group up 3.23%.

Insurance stocks continued to rise as institutional investors accelerated their market entry this year, with expectations of a sustained wave of insurance company investments.

Xiaomi saw a significant increase of 3.62%, while JD rose by 2.05%. On the other hand, Li Auto fell by 7.16% after the company announced its Q1 2025 revenue outlook, which was below estimates. The company expects total revenues to be between RMB 23.4 billion and RMB 24.7 billion, representing a year-over-year decrease of 8.7% to 3.5%. In Q4, total revenues increased by 6.1% to RMB 44.3 billion, while adjusted earnings per share decreased from RMB 11.46 to RMB 10.04.

Pop Mart's stock price jumped 6.66% to HK$ 130.1, reaching an all-time high. The company is expected to double its Q1 sales, with a significant boost from the newly launched Barbie series authorized by Mattel. For the 2025 fiscal year, Pop Mart's sales are projected to grow by 47%, with a 27% increase in the Chinese market and a 77% increase in overseas markets.

Restaurant stocks also experienced a surge, with Xiabuxiabu jumping 9%, Haidilao increasing over 4%, and Helens and Jiumaojiu rising by 3%.