Citigroup released a research report stating that since the mainland's policies shifted, the central bank had previously relaxed real estate and stock market liquidity, and multiple ministries and local governments have announced plans to promote consumption in the past few days. The bank expects that the essential industry will benefit first, focusing mainly on improving people's livelihood and boosting consumer confidence. The bank mentioned that if the Chinese government further implements effective fiscal stimulus measures, and the positive wealth effect becomes more prominent, the non-essential industry is expected to benefit in a later stage.

Citigroup's preferences for the essential industry are ranked in the following order: dairy products, beer, condiments, and finally beauty and skincare. The top choices are Mengniu (02319.HK), RunPak (00291.HK), Bud APAC (01876.HK), Yihai Intl (01579.HK), and Juzi Biotech (02367.HK). The bank is bullish on the non-essential industry, including home appliances, dining, and hotels, with top picks being Haier Smarthome (06690.HK), Midea (00300.HK), Haidilao (06862.HK), Yum China (09987.HK) (YUMC.US), and H World Group (01179.HK) (HTHT.US).