Baby Product Makers Gain on Child Policy Change: Hong Kong Mover
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Infant formula makers, milk producers and sellers of other baby-related products surged in Hong Kong and China trading today after China said it will loosen its one-child policy.
Zhejiang Beingmate Technology Industry & Trade Co., the unit of China’s second-largest baby formula maker, rose 3.6 percent in Shenzhen. China Mengniu Dairy Co. and China Modern Dairy Holdings Ltd. climbed 4.8 percent and 5.3 percent percent respectively, while Yashili International Holdings Ltd. surged