HK Stock Market Move | Food and beverage stocks across the board are rising sharply, and domestic demand policies are expected to continue to be implemented. Institutions claim that the catering and tourism industries may directly benefit.

The catering stocks rose across the board, as of the time of writing, Haidilao (06862) rose 6.7%, to 17.2 Hong Kong dollars; Jiumaojiu (09922) rose 4.65%, to 2.7 Hong Kong dollars; Xiaocaiyuan (00999) rose 2.84%, to 9.06 Hong Kong dollars; Helens (09869) rose 1.88%, to 1.63 Hong Kong dollars. On the news front, various local governments have introduced measures to stimulate consumption. Recently, Beijing issued the first batch of catering consumption vouchers since 2023, with plans to distribute them in five rounds. In addition, Shanghai, Guangzhou, and other places have also launched their own catering consumption voucher policies. Shanghai's "Enjoy Shanghai" catering consumption vouchers are distributed through an "online registration, lottery drawing" method, with varying denominations covering different consumer levels. Guangzhou, on the other hand, distributes catering consumption vouchers through platforms such as UnionPay Cloud QuickPass, encouraging residents to dine out. Founders pointed out that the U.S. tariffs are exceeding market expectations in terms of both scope and intensity. In the face of export pressure, more proactive fiscal and monetary support policies are worth looking forward to, with follow-up policies to stimulate consumption and boost domestic demand expected to continue to be implemented, driving the stable and positive development of the domestic economy. Sinolink stated that U.S. tariffs may compel domestic consumption expansion, and the positive impact of policies to stimulate consumption since the beginning of the year continues to be felt, with catering, tourism, and other service sector consumption representing industries that may directly benefit.