The Story of Two 20th Communist Party Congresses

Chinese leader Xi Jinping (bottom left), Li Zhanshu, and Wang Huning (right), look on as former leader Hu Jintao (center) speaks to Xi as he is helped to leave early from the closing session of the 20th National Congress of the Chinese Communist Party at The Great Hall of People in Beijing, China, on Oct. 22, 2022. Kevin Frayer/Getty Images

Commentary

The Hang Seng Index (HSI)–the main Hong Kong market index–hit a new low since 2009 after the 20th National Congress of the Chinese Communist Party (CCP), although some Hong Kong observers predicted that the congress would have been good for the HSI in the short term.