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Breaking News | The Ministry of Commerce introduces new consumer policies, and consumer vouchers are being distributed in many places! Hong Kong stocks dining stocks soared in the afternoon, Helen's surged more than 20%.
Peking, tianjin, shanghai, and chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers, and these policy measures will generate a cumulative effect with the Consumer Month activities.
Ministry of Commerce: Will introduce new consumer policies in the consumer sector, Beijing-Tianjin-Hebei-Chongqing will issue consumer vouchers for dining, culture and tourism, sports, etc.
According to internal media reports, Vice Minister of the Ministry of Commerce, Sheng Qiuping, stated that the Ministry of Commerce will work with relevant departments to introduce a new batch of policies in the consumer sector. For example, they will soon study and implement policies to promote the development of the initial launch economy, facilitate high-quality development of the wholesale and retail trade, support the trial construction of modern commercial and trade circulation systems in 20 cities including Shanghai, Tianjin, etc., launch pilot reforms in automobile distribution and consumption, and promote special action plans for healthy consumption. Five cities will also introduce supporting policies. For instance, Shanghai and Guangzhou will introduce policies supporting and incentivizing the first store opening, debut, and exhibition; Beijing, Tianjin, Shanghai, and Chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers.
Tourism Board: The number of visitors to Hong Kong in September increased by about 10% year-on-year, with a nearly 40% year-on-year increase in the first three quarters accumulated.
According to the Tourism Board, the number of visitors to Hong Kong in September is close to 3.1 million, an increase of about 10% year-on-year, with approximately half of them being overnight visitors. In the first three quarters of this year, the number of visitors to Hong Kong has increased by nearly 40% year-on-year, with mainland and non-mainland visitors to Hong Kong seeing respective increases of 35% and 59% year-on-year.
Hong Kong stocks fluctuate | Dining stocks strengthen in the afternoon, xiabuxiabu (00520) surged more than 11% at one point, incremental policies are expected to help improve consumer expectations
The dining sector rallied in the afternoon, as of the deadline, Xiabuxiabu (00520) rose by 9.38%, to HK$1.05; Jiumaojiu (09922) rose by 7.76%, to HK$3.47; Helen's (09869) rose by 6.05%, to HK$2.28.
"Market Review": Hang Seng Index fell for the fourth consecutive time, mainland real estate stocks quickly worry about the spread of 'capital withdrawal tide'.
Market concerns over the 'capital withdrawal tide' of mainland real estate stocks have spread, with the Hang Seng Index continuing to decline today (17th). Morgan Stanley (MS.US) reported third-quarter earnings and revenue that exceeded market expectations. The Dow Jones and Nasdaq rose by 0.8% and 0.3% respectively the night before (16th), at the time of writing, the yield on the 2-year US bonds rose to 3.951%, the yield on the 10-year US bonds rose to 4.036%, the US Dollar Index was at 103.64, Dow Jones futures fell by 8 points or 0.02%, and Nasdaq futures were up 0.66%. The spot RMB fell by 83 basis points to 7.1233 against the US dollar, and the Shanghai Composite Index fell by 33 points or 1 for the entire day.
Hang Seng Index fell by 207 points, mainland real estate stocks declined, with Sunac China Holdings dropping by 27%.
The Hong Kong stock market rose before falling today. The Hang Seng Index opened high by 185 points, rose to 20,783 points with an initial increase of 496 points before the gains narrowed. It turned downward at midday, dropping in the afternoon session. At one point in the afternoon, it fell by 309 points to a low of 19,977 points, closing the day down by 207 points or 1% at 20,079 points; The HSI Technology Index fell by 52 points or 1.2%, closing at 4,349 points. The total turnover of the market for the day was 191.26 billion yuan. Mainland real estate stocks were under pressure, as Sunac China (01918.HK) raised approximately 1.19 billion yuan net through a rights issue with a discount of nearly 20%. Its stock price fell by 27%. Country Garden Holdings (02777.
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