“The expectation of more specific policy measures to boost consumption during economic work conference, combined with previous stimulus policies, will have a positive impact on the overall market sentiment,” said Shen Meng, a director at boutique investment bank Chanson & Co.
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 and Haidilao International Holding rose more than 5% each, helping to push a gauge of Hong Kong-listed Chinese stocks up by as much as 2.3%. The onshore benchmark of CSI 300 rose 0.8% in early afternoon trade.
