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Express News | Zheng Zhanjie, the director of the National Development and Reform Commission: The special action plan to boost Consumer will be released and implemented soon.
Express News | Hong Kong stock market Dining stocks surged in the final hour, with Mixue Group rising nearly 4%.
Market Update | Hong Kong stocks in Dining show strong performance again, with Naixue's Tea skyrocketing over 30%. Institutions state that the support for Consumer subsidies is expected to increase.
In 2025, China's economy should strive for progress while maintaining stability, with boosting Consumer spending as a work focus.
Hong Kong Stock Market Midday Review | Bullish sentiment reignites! The tech index soared over 3%; tech and Semiconductors stocks rose, JD.com increased by nearly 8%, and Xiaomi and Semiconductor Manufacturing International Corporation hit new highs.
Several Network Technology stocks are rising, with JD-SW up 7.61% and MEITUAN-W up 6.12%; the Semiconductors sector performs well, with Semiconductor Manufacturing International Corporation rising 6.00% and SHANGHAI FUDAN up 4.64%; Mobile Game stocks are climbing, with Bilibili-W up 4.14% and TENCENT up 3.55%.
Hong Kong stock Concept tracking | Placing the boost of Consumer on a more prominent position, the valuation of the Dining Sector is at a historical low (with Concept stocks attached).
Boosting consumer spending is of utmost importance for expanding domestic demand and strengthening the domestic circulation.
Hong Kong stocks movement | Dining stocks mostly rose in the morning as the State Council executive meeting discussed measures to boost consumer-related work. Focus on the sector's terminal demand recovering.
Most Dining stocks rose in the morning session. As of the time of writing, JIUMAOJIU (09922) increased by 8.33%, reporting at 3.12 Hong Kong dollars; Hailunsi (09869) rose by 5.26%, reporting at 2.2 Hong Kong dollars; Xiaocaiyuan (00999) increased by 4.21%, reporting at 10.16 Hong Kong dollars; XIABUXIABU (00520) rose by 2.15%, reporting at 0.95 Hong Kong dollars.