Chinese stock markets experienced mixed performance over the week ending May 16, 2025. The Hang Seng Index in Hong Kong showed volatility, opening slightly up by 0.02% before declining over 1% on multiple occasions, including a drop of 0.87% and closing down 0.46%. The Hang Seng Tech Index also fluctuated, turning green briefly but ultimately ending the week down 0.31%, despite a weekly gain of 1.4%. Major Chinese tech stocks faced pressure, with JD.com falling over 4%, JD Health down more than 3.5%, Alibaba dropping over 6%, Baidu nearly 2%, and Kuaishou down over 3%. Conversely, NetEase shares surged, climbing as much as 15% following better-than-expected first-quarter profits. Mainland Chinese indices also declined, with the Shanghai Composite Index down 0.16% to 0.4% on different days, though it posted a weekly gain of 0.48%. The Shenzhen Component and ChiNext indices fell by up to 1% and 0.36%, respectively. Market turnover on the Shanghai and Shenzhen exchanges exceeded 1 trillion yuan for the 17th consecutive trading day. The People's Bank of China (PBOC) was active in monetary operations, draining a net 475.1 billion yuan from the market over the week but injecting 29.5 billion yuan on Friday via seven-day reverse repos at an interest rate of 1.4%. Additionally, the Hang Seng Index announced upcoming inclusions of Midea Group and ZTO Express, while the Hang Seng Tech Index will add BYD. The Hang Seng Composite Index is set to include Mixue Group and Guming Holdings. Market sentiment was affected by ongoing U.S. technology restrictions impacting Chinese and Hong Kong stocks.