Chinese Consumption Stocks Surge on Policy Optimism, Vouchers
- Hong Kong-listed Trip.com, Haidilao advance more than 3% each
- Expectation of specific consumption measures help: Shen Meng
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Chinese shares related to consumption surged Thursday amid expectations for more concrete measures from a key economic policy meeting to boost domestic demand.
Trip.com Group Ltd. and Haidilao International Holding Ltd. rose 4.4% and 3.9%, respectively, helping to push a gauge of Hong Kong-listed Chinese stocks up 1.5%. Options traders also boosted bullish bets on China Mengniu Dairy Co. to a record high.