According to Zhitong Finance APP, HK based consumer companies are generally rising. As of the time of writing, prada (01913) is up 6.1%, at 56.55 HKD; bossini int'l (00592) is up 5.32%, at 0.099 HKD; samsonite (01910) is up 4.05%, at 21.85 HKD; tam jai international (02217) is up 3.85%, at 0.81 HKD; cafe de coral h (00341) is up 1.78%, at 8.01 HKD.

On the news side, the Exit and Entry Administration of the People's Republic of China issued an announcement on the 29th, stating that with the approval of the State Council, it was decided to implement the "One Sign, Multiple Trips" policy for traveling to Hong Kong in Shenzhen, Guangdong Province. Starting from December 1, 2024, Shenzhen residents with household registration and residence permit holders can apply for the "One Sign, Multiple Trips" endorsement for traveling to Hong Kong, allowing unlimited trips to and from the Hong Kong area within one year, with each stay in Hong Kong not exceeding 7 days.

Hong Kong Financial Secretary Paul Chan Mo-po stated in his blog that this new measure makes it more convenient for Shenzhen residents to visit Hong Kong, with more flexibility in terms of timing. This not only supports local tourism, retail, dining, and other related industries, but also promotes more convenient and smooth two-way exchanges between the people of Hong Kong and Shenzhen, making economic and cultural exchanges more closely connected. Hong Kong Legislative Council Member Paul Tse believes that the new measure will boost the overall market sentiment. If Shenzhen residents with permanent residency are included in the "One Sign, Multiple Trips" policy, it will be convenient for them to visit Hong Kong at any time, even to participate in major events, which will be beneficial for Hong Kong's retail, dining, and other industries.