---
title: "The Hang Seng Index closed up 1.1%, returning above 20,000 points, with five major Chinese banks hitting new highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/223158190.md"
description: "The Hong Kong Hang Seng Index closed up 1.08%, returning above the 20,000-point mark; the Hang Seng Tech Index closed up 1.12%. Chinese bank stocks continued to rise today, with the five major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, all reaching historical highs; port and shipping stocks saw significant increases, with PACIFIC BASIN rising over 6% and COSCO SHIP HOLD rising over 3%. Xiaomi Corporation and Alibaba both rose over 3%"
datetime: "2024-12-24T04:55:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223158190.md)
  - [en](https://longbridge.com/en/news/223158190.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223158190.md)
generator: "portal-rs"
---

# The Hang Seng Index closed up 1.1%, returning above 20,000 points, with five major Chinese banks hitting new highs

The Hong Kong Hang Seng Index closed up 1.08%, returning above the 20,000-point mark; the Hang Seng Tech Index closed up 1.12%. Chinese bank stocks continued to rise today, with the five major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, and China Communications Bank, all reaching historical highs; port and shipping stocks saw significant increases, with PACIFIC BASIN rising over 6% and COSCO SHIP HOLD rising over 3%. Xiaomi Corporation and Alibaba both rose over 3%

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**