中国每周市场前瞻：市场持平；中央经济工作会议通稿显露出温和促增长政策立场；11 月 CPI 通胀回升、出口增速反弹

12 December 2025 | 9:56PM HKT Portfolio Strategy Research CHINA WEEKLY KICKSTART Markets flat; Central Economic Work Conference readout suggests modestly pro-growth policy stance; CPI inflation rose and export growth rebounded in November MXCN/CSI300 was flat (-0.7%/-0.1%) this week. The Central Economic Work Conference was held on Dec 10-11 and the readout appears modestly more pro-growth than the December Politburo meeting on Dec 8. The FOMC lowered the target range for the fed funds rate by 25bp to 3.50- ...