On Friday Sept 25, Hong Kong’s HSI opened down 237.63 points (-0.96%) at 24,523.5; the Hang Seng Tech Index opened down 42.96 points (-0.99%) at 4,318.17; the HSCEI opened down 93.51 points (-1.13%) at 8,172.5; the Red‑Chip Index opened down 23.72 points (-0.59%) at 3,996.4.

The PBOC MPC met on Sept 19 for its Q3 2026 (114th) session. It said macro policy has been more proactive this year and monetary policy remains moderately accommodative, with stronger countercyclical and cross-cycle adjustments and comprehensive use of multiple tools to support sustained improvement in the economy. LPR reform continues to release effects and the deposit-rate marketization mechanism is functioning effectively, boosting monetary policy transmission; social financing costs are at historically low levels. FX supply-demand is broadly balanced; the RMB is allowed two-way fluctuation and has remained basically stable at a reasonable equilibrium. Financial markets have operated smoothly.

Qunar said the 'take-3-get-13' leave-stacking trend pushed many long-haul trips originally planned for National Day forward to Sep 25. Qunar data show searches for Mid-Autumn and autumn-sightseeing keywords rose 3.1x WoW and domestic air-ticket bookings on Sep 25 were up more than 60% YoY.