HK Stock Market Move | Partial dairy stocks rose, MENGNIU DAIRY (02319) surged over 6%. The central government has allocated 100 billion yuan in childcare subsidies this year.

Partial dairy sector stocks rose, as of the time of writing, MENGNIU DAIRY (02319) rose 6.29% to HK$16.06; CHINA FEIHE (06186) rose 3.76% to HK$3.86; AUSTASIA GROUP (02425) rose 3.11% to HK$2.32; and H&H International Holdings (01112) rose 1.51% to HK$14.11. On the news front, Shen Danyang, head of the drafting team of the "Government Work Report" and director of the State Council Research Office, stated that this year, the central government has allocated nearly 100 billion yuan in childcare subsidies, and will further optimize the application and review process to promote real-time application and approval. This year, there will also be in-depth pilot projects for childcare service subsidies, the development of universal childcare and integrated childcare services, with an additional 150,000 universal childcare spots nationwide. In addition, this year's "Report" also made arrangements for supporting "young children" from various aspects such as maternity leave, maternity insurance, and housing security, hoping to make childbearing and child rearing more secure and comfortable.