Mainland China Stocks Drop Amid Fed Signals and Economic Forecasts

Mainland China stocks ended lower as investors weighed U.S. Federal Reserve's signals and upcoming domestic policy discussions. The Shanghai Composite and CSI 300 Index fell, marking their third loss day. Analysts predict moderate growth for China, while property shares experienced a drop. Hong Kong shares remained mostly stable.

Mainland China stocks declined on Thursday, countering earlier gains, as investors reacted to the U.S. Federal Reserve's policy signals which failed to offer substantial support. Meanwhile, attentions are now focused on the Central Economic Work Conference, anticipated to offer insights into China's policy directions for the upcoming year.

The Shanghai Composite Index decreased by 0.70%, and the blue-chip CSI 300 Index saw a 0.86% decline, both enduring a third consecutive day of losses. Analysts maintain realistic expectations for China's economic growth at about 5% and forecast incremental fiscal funds totaling 1 trillion yuan.

Property shares fell sharply as earlier rallies, fueled by rumors of a government mortgage subsidy, cooled off. The CSI Real Estate Index dropped 3.21%. Conversely, Hong Kong's Hang Seng Index remained mostly unchanged, closing with a slight dip of 0.04%.

(With inputs from agencies.)