Chinese stock investors are now focusing on upcoming earnings reports following a disappointment from a recent conference focused on consumption. Despite expectations for announcements on reviving consumption, the briefing did not have a significant impact on the market. Chinese shares in Hong Kong recorded a 0.6% gain, while the onshore CSI 300 Index dropped slightly before the conference. The central bank of China is exploring new monetary tools to provide financial support for key consumption sectors due to weak consumer confidence and demand. Investment experts are concerned that the focus on spending without addressing income improvement may limit the effectiveness of measures to boost consumption.

Chinese stocks have performed well compared to global markets this year, supported by a surge in technology shares and optimism regarding policy stimulus. Economic data released recently indicated positive trends in retail sales and industrial output, despite a rise in the jobless rate from the previous year. The MSCI China Index has risen by about 20% in 2025, while the S&P 500 Index has experienced a decline of around 4%. Investors have not been significantly influenced by the economic data. The Chinese government's plan to boost consumption has been seen as a positive step, focusing on key areas to stabilize incomes and reduce burdens in child, medical, and elderly care. However, the plan is still in early stages and was considered modest based on the initial details shared at the National People's Congress in March.