<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/chainlink-ubs-hong-kong.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/chainlink-ubs-hong-kong.png"/></p>
<p>恒生指數在 2025 年表現良好，漲幅達到 30%，超越了其他全球主要指數，如標準普爾 500 指數、道瓊斯指數和納斯達克 100 指數。週一交易時，該指數報 25,935 美元，比 4 月份的最低點上漲了約 40%。本文探討了此次反彈背後的主要原因和表現最佳的公司。</p>
<h2>恒生指數在 2025 年飆升的原因</h2>
<p>恒生指數追蹤中國最大的公司，在 2025 年表現出色。首先，反彈是由於全球股票市場的持續表現，大多數指數均呈上漲趨勢。這包括德國 DAX、納斯達克 100 和多倫多證券交易所綜合指數等熱門指數。</p>
<p>其次，在唐納德·特朗普宣佈與中國達成貿易協議以確保稀土材料後，該指數大幅上漲。他將關税從超過 100% 削減至當前的 15%。</p>
<p>此外，該指數還受益於今年人工智能交易的熱潮。這一點很重要，因為該指數由一些人工智能行業最大的公司組成，如騰訊和阿里巴巴。</p>
<p>中國經濟持續向好，分析師預計將達到 5% 的重要里程碑。一個跡象是銅價飆升，創下 13,000 美元的歷史新高。銅被廣泛視為全球經濟的晴雨表。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Hang-Seng-Index-2-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Hang-Seng-Index-2-1024x579.png"/></p>
<p><em>恒生指數圖表 | 來源：TradingView</em></p>
<h2>2025 年恒生指數的表現最佳公司</h2>
<p>今年，恒生指數中的大多數公司表現良好。中國宏橋集團的股票今年上漲了 181%，成為該指數表現最佳的公司。這一增長使其十年的漲幅超過 653%，因為鋁的需求持續飆升。這一點值得注意，因為它是鋁行業中的主要參與者之一。</p>
<p>紫金礦業的股價今年上漲了 154%，因為銅和黃金價格持續上漲。黃金價格翻了一番，突破了 4,500 美元的關鍵阻力位。白銀價格接近 80 美元，而它開採的其他金屬價格也在上漲。</p>
<p>中芯國際是中國最大的芯片製造公司之一，今年上漲了 126%，因為人工智能的繁榮加速。過去十年中，該公司股價上漲超過 800%。</p>
<p>與此同時，泡泡瑪特的股價上漲了 126%，受益於持續的 labubu 熱潮。然而，由於對其需求的擔憂，該股在過去三個月中下跌了 22%。</p>
<p>恒生指數中的其他表現最佳公司包括創新藥物、漢森製藥集團、京東健康和中國生物製藥集團。</p>
<p>一些關鍵公司表現良好。例如，阿里巴巴上漲超過 78%，因為公司的轉型戰略加速。滙豐控股的股票因銀行業的持續繁榮而飆升，同時其轉型也在繼續。恒生銀行在被滙豐收購後也大幅上漲。</p>
<p>今年，恒生指數中有一些顯著的滯後者。美團的股價因與阿里巴巴和京東的價格戰加劇而下跌了 30%。理想汽車和比亞迪的股票也雙雙下跌，因對中國電動車的需求感到擔憂。</p>
<p>投資者擔心這些公司在許多中國省份開始結束補貼後會面臨需求減弱。因此，市場參與者擔心這些公司在今年的增長將放緩。</p>
<p>恒生指數中的其他滯後者包括中升集團、京東、新東方、中國蒙牛乳業、龍湖集團和京東物流。</p>
<p>閲讀更多：恒生指數在 2025 年可能飆升的主要原因</p>
<p>這篇文章最初發表於 Invezz，標題為《恒生指數在 2025 年上漲 30%：表現最佳的公司》。</p>

<p>在 2025 年，恒生指數上漲了 30%，表現超過了全球指數，如標準普爾 500 指數。主要推動因素包括美國與中國之間的貿易協議、人工智能行業的增長以及中國經濟的強勁表現。漲幅最大的公司包括中國宏橋集團、紫金礦業集團和中芯國際，而美團和理想汽車則表現不佳。人們對中國電動車行業需求減弱的擔憂依然存在</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/chainlink-ubs-hong-kong.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/09/chainlink-ubs-hong-kong.png"/></p>
<p>The Hang Seng Index had a good performance in 2025 as it jumped by 30%, outperforming other top global indices like the S&amp;P 500, Dow Jones, and the Nasdaq 100 Index. It was trading at $25,935 on Monday, up by ~40% from its lowest level in April. This article explores some of the top reasons behind the rally and the top gainers.</p>
<div class="lb-trans"><p>恒生指數在 2025 年表現良好，漲幅達到 30%，超越了其他全球主要指數，如標準普爾 500 指數、道瓊斯指數和納斯達克 100 指數。週一交易時，該指數報 25,935 美元，比 4 月份的最低點上漲了約 40%。本文探討了此次反彈背後的主要原因和表現最佳的公司。</p>
</div><h2>Why the Hang Seng Index soared in 2025</h2>
<div class="lb-trans"><h2>恒生指數在 2025 年飆升的原因</h2>
</div><p>The Hang Seng Index, which tracks the biggest companies in China, did well in 2025. First, the rally was because of the ongoing performance in the global equities market, with most indices being in the green. This includes popular indices like the German DAX, the Nasdaq 100, and the TSX Composite.</p>
<div class="lb-trans"><p>恒生指數追蹤中國最大的公司，在 2025 年表現出色。首先，反彈是由於全球股票市場的持續表現，大多數指數均呈上漲趨勢。這包括德國 DAX、納斯達克 100 和多倫多證券交易所綜合指數等熱門指數。</p>
</div><p>Second, the index jumped after Donald Trump announced a trade deal with China in his bid to secure rare earth materials. He slashed tariffs from over 100% to the current 15%.</p>
<div class="lb-trans"><p>其次，在唐納德·特朗普宣佈與中國達成貿易協議以確保稀土材料後，該指數大幅上漲。他將關税從超過 100% 削減至當前的 15%。</p>
</div><p>Additionally, the index benefited from the artificial intelligence trade experienced this year. That is important as the index is made up of some of the biggest companies in the AI industry, like Tencent and Alibaba.</p>
<div class="lb-trans"><p>此外，該指數還受益於今年人工智能交易的熱潮。這一點很重要，因為該指數由一些人工智能行業最大的公司組成，如騰訊和阿里巴巴。</p>
</div><p>The Chinese economy continued doing well, with analysts expecting it to hit the important milestone of 5%. One sign that this will happen is the soaring copper price, which hit a record high of $13,000. Copper is widely seen as the barometer for the global economy.</p>
<div class="lb-trans"><p>中國經濟持續向好，分析師預計將達到 5% 的重要里程碑。一個跡象是銅價飆升，創下 13,000 美元的歷史新高。銅被廣泛視為全球經濟的晴雨表。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Hang-Seng-Index-2-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/Hang-Seng-Index-2-1024x579.png"/></p>
<p><em>Hang Seng Index chart | Source: TradingView</em></p>
<div class="lb-trans"><p><em>恒生指數圖表 | 來源：TradingView</em></p>
</div><h2>Top gainers in the Hang Seng in 2025</h2>
<div class="lb-trans"><h2>2025 年恒生指數的表現最佳公司</h2>
</div><p>Most companies in the Hang Seng Index did well this year. China Hongqiao Group stock jumped by 181% this year and was the best-performing company in the index. This increase brought its ten-year gains to over 653% as demand for aluminium continued soaring. This is notable as it is one of the biggest players in the aluminium index.</p>
<div class="lb-trans"><p>今年，恒生指數中的大多數公司表現良好。中國宏橋集團的股票今年上漲了 181%，成為該指數表現最佳的公司。這一增長使其十年的漲幅超過 653%，因為鋁的需求持續飆升。這一點值得注意，因為它是鋁行業中的主要參與者之一。</p>
</div><p>Zijin Mining Group stock price jumped by 154% this year as the copper and gold pricescontinued their bull run. Gold more than doubled and moved above the key resistance level at $4,50. Silver price is nearing $80, while other metals it mines continue rising.</p>
<div class="lb-trans"><p>紫金礦業的股價今年上漲了 154%，因為銅和黃金價格持續上漲。黃金價格翻了一番，突破了 4,500 美元的關鍵阻力位。白銀價格接近 80 美元，而它開採的其他金屬價格也在上漲。</p>
</div><p>SMIC, one of the biggest chip manufacturing companies in China, soared by 126% this year as the artificial intelligence boom accelerated. It has jumped by over 800% in the last decade.</p>
<div class="lb-trans"><p>中芯國際是中國最大的芯片製造公司之一，今年上漲了 126%，因為人工智能的繁榮加速。過去十年中，該公司股價上漲超過 800%。</p>
</div><p>Meanwhile, the Pop Mart stock price jumped by 126%, helped by the ongoing labubu craze. However, the stock has plunged by 22% in the last three months as concerns about its demand remained.</p>
<div class="lb-trans"><p>與此同時，泡泡瑪特的股價上漲了 126%，受益於持續的 labubu 熱潮。然而，由於對其需求的擔憂，該股在過去三個月中下跌了 22%。</p>
</div><p>The other top gainers in the Hang Seng Index were companies like Innovent Biologics, Hansoh Pharmaceutical Group, JD Health, and Sino Biopharmaceutical Group.</p>
<div class="lb-trans"><p>恒生指數中的其他表現最佳公司包括創新藥物、漢森製藥集團、京東健康和中國生物製藥集團。</p>
</div><p>Some key companies in the index did well. For example, Alibaba jumped by over 78% as the company’s turnaround strategy accelerated. HSBC stock soared because of the ongoing boom in the banking sector, and as its turnaround continued. Hang Seng Bank also jumped after being acquired by HSBC.</p>
<div class="lb-trans"><p>一些關鍵公司表現良好。例如，阿里巴巴上漲超過 78%，因為公司的轉型戰略加速。滙豐控股的股票因銀行業的持續繁榮而飆升，同時其轉型也在繼續。恒生銀行在被滙豐收購後也大幅上漲。</p>
</div><p>There were some notable laggards in the Hang Seng Index this year. Meituan’s stock price plunged by 30% this year as the price war with Alibaba and JD accelerated. Li Auto and BYD stocks dropped by double digits as concerns about the Chinese electric vehicle (EV) remained.</p>
<div class="lb-trans"><p>今年，恒生指數中有一些顯著的滯後者。美團的股價因與阿里巴巴和京東的價格戰加劇而下跌了 30%。理想汽車和比亞迪的股票也雙雙下跌，因對中國電動車的需求感到擔憂。</p>
</div><p>Investors are concerned that these companies will see waning demand after many Chinese provinces started to end the subsidies. As such, market participants worry that the companies will see slow growth during the year.</p>
<div class="lb-trans"><p>投資者擔心這些公司在許多中國省份開始結束補貼後會面臨需求減弱。因此，市場參與者擔心這些公司在今年的增長將放緩。</p>
</div><p>The other top laggards in the Hang Seng Index were Zhongsheng Group, JD.com, New Oriental, China Mengniu Dairy, Longfor Group, and JD Logistics.</p>
<div class="lb-trans"><p>恒生指數中的其他滯後者包括中升集團、京東、新東方、中國蒙牛乳業、龍湖集團和京東物流。</p>
</div><p>READ MORE: Top reasons why the Hang Seng Index may surge in 2025</p>
<div class="lb-trans"><p>閲讀更多：恒生指數在 2025 年可能飆升的主要原因</p>
</div><p>The post Hang Seng Index jumped 30% in 2025: here are the top gainers appeared first on Invezz</p>
<div class="lb-trans"><p>這篇文章最初發表於 Invezz，標題為《恒生指數在 2025 年上漲 30%：表現最佳的公司》。</p>
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恒生指數在 2025 年上漲了 30%：以下是表現最好的股票