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Hong Kong stocks closed (December 11) | The Hang Seng Index rose by 1.2%, with the Consumer direction fully exploding, and the CSI SWS Food & Beverage index and Dining sectors leading the gains.
After the Hong Kong stock market opened, it maintained a fluctuating trend, with all three major Indexes rising significantly before noon, and the increase narrowed slightly at the end of trading.
Hong Kong stocks movement | China Tourism Group Duty Free Corporation (01880) is up over 6% as the peak season for tourism in Hainan arrives, and the duty-free group kicks off the year-end celebration.
China Tourism Group Duty Free Corporation (01880) currently rises over 6%, as of the time of writing, an increase of 6.19%, priced at 56.6 Hong Kong dollars, with a trading volume of 99.7688 million Hong Kong dollars.
【Hong Kong Stock Connect】 China Tourism Group Duty Free Corporation (01880) rose by 3%, Institutions indicate that offshore duty-free sales are expected to improve.
Jinwu Financial News | China's free trial (01880) fluctuated higher. As of press release, it rose 3% to HK$54.9, with a turnover of HK$26.41 million. According to the news, the Guotai Junan Research and Development Report indicates that duty-free sales on the outlying islands of Hainan are expected to pick up due to the combination of year-end promotions during the peak tourist season in Hainan. The bank expects the reduction in tax exemptions on the outlying islands of Hainan to narrow. Furthermore, airport tax exemptions continue to resume, and it is expected that tax exemptions will increase in the city. In the first three quarters of 2024, the company's Beijing Airport (including Capital International Airport and Daxing International Airport) duty-free store revenue increased by more than 140% year-on-year, and Shanghai Airport (including Pudong International Airport and Hongqiao International Airport) was exempt from tax
Travel Is Finally Back — and an Era of Huge Growth Is Upon Us
Is the winter cultural tourism gradually improving? The "ice and snow +" consumer spending and industrial business are thriving.
① The "Ice and Snow +" cultural tourism activities in the northeast are abundant, with Harbin Ice and Snow World expanding to 1 million square meters. It is expected that this year's ice and snow tourism will surpass last year's popularity. ③ The cultural tourism industry in the southern winter is also bustling, with Shennongjia Ski Resort, sichuan ice and snow tourism projects, and others attracting tourists, while guangdong's "Conghua Hot Springs" ranks first in popularity increase.
Consumer potential has been validated by data! Hong Kong stock tourism concept stocks have been popular for several consecutive days, with meilan airport rising nearly 13%.
① Hong Kong stocks in the travel concept sector have been popular for several days; what bullish factors are driving the sector's trends? ② The potential for travel consumer spending has been validated; how do institutions view it?