HK Stock Market Move | NEW GONOW RV (00805) rose over 7% during intraday trading. RV consumption during the National Day holiday ushers in new changes.

NEW GONOW RV (00805) rose over 7% during intraday trading. As of press time, it was up 5.61% at HK$12.04, with a turnover of HK$27.7583 million. On the news front, according to a CCTV Finance report, during this year's National Day holiday, highway travel is expected to account for over 90% of trips, with self-driving tours becoming the main mode of travel. RV consumption has undergone a shift, moving from short-term rental experiences to direct purchase for personal use. With policy support intensifying and supporting facilities improving, RVs are moving from a niche hobby to consumption by more people. In September this year, the Ministry of Culture and Tourism and nine other departments jointly issued the "Several Measures on Promoting RV Consumption," proposing nine policy measures in areas such as improving the quality of RV supply, ensuring RV passage and parking, and strengthening RV campground construction. New Gonow believes that the introduction of this new policy marks the RV industry's official transition from a "policy cultivation period" into a "consumption activation period." Based on 2023 data, New Gonow held a 7.8% market share in the Australia-New Zealand RV market, ranking second.