Dining and other csi consumer stocks surged in the late trading session. As of the time of this report, Helen's (09869) rose by 10.2% to 2.81 HKD; jiumaojiu (09922) increased by 7.71% to 3.77 HKD; and Trip.com Group-S (09961) was up by 5.72% to 573 HKD.
According to Zhito Finance APP, dining and other csi consumer stocks surged in the late trading session. As of the time of this report, Helen's (09869) rose by 10.2% to 2.81 HKD; jiumaojiu (09922) increased by 7.71% to 3.77 HKD; Trip.com Group-S (09961) was up by 5.72% to 573 HKD; zjld (06979) rose by 6.58% to 7.61 HKD; and anta sports (02020) increased by 4.53% to 83.05 HKD.
In terms of news, many cities across the country have recently issued consumption vouchers. Among them, the Guangzhou municipal government executive meeting passed the implementation plan for the "Eat in Guangzhou" government consumption vouchers, planning to issue 0.1 billion yuan worth of "Eat in Guangzhou" government consumption vouchers. Shanghai will issue the third round of "Enjoy Shanghai" dining consumption vouchers in December, with a total of three batches, specifically on December 7, 14, and 28. Sinolink pointed out that the issuance of consumption vouchers further expands the coverage of the activities. Consumption vouchers have a direct stimulating effect on the dining industry and are beneficial to stimulating local demand in the dining sector. Citic sec previously noted that consumption will be the key to expanding domestic demand next year. It is expected that the support for consumption from long-term special government bonds is likely to increase to a level of 100-150 billion this year, possibly reaching 200-300 billion yuan.