China’s Dairy Shares Surge on Plans to Boost Milk Consumption
- Mengniu Dairy shares gain as much as 25%, Yili rises 8.9%
- Measures may trigger upgrades to 2025 consensus for firms: BI
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Chinese dairy shares surge as the government rolls out measures to support local milk production and encourage consumption.
Shares of China Mengniu Dairy Co. rose as much as 25% in Hong Kong, their biggest intraday gain since 2008, as authorities offered support through loans and vouchers. Inner Mongolia Yili Industrial Group Co. gained as much as 8.9% in Shanghai.