Xin Lang Cai Jing·2025-05-29 06:16Core Insights - The Hong Kong stock market is experiencing a surge in consumer stocks, particularly driven by new consumption enterprises, with significant price increases observed in companies like Pop Mart, Mixue Ice City, and Laopu Gold, collectively referred to as the "three golden flowers" of Hong Kong stocks [3] Group 1: Market Performance - As of May 29, 2025, the CSI Hong Kong Stock Connect Consumer Theme Index (931454) rose by 1.39%, with notable gains in stocks such as Xpeng Motors-W (09868) up 5.23%, Meituan-W (03690) up 5.10%, and Shenzhou International (02313) up 4.40% [1] - The Hong Kong Consumer ETF (513590) increased by 1.41%, with the latest price at 0.94 HKD [2] Group 2: Company Highlights - Pop Mart has seen a year-to-date increase of over 152%, Mixue Ice City over 108%, and Laopu Gold over 277%, indicating a strong performance in the new consumption sector [3] - The total market capitalization of Pop Mart, Mixue Ice City, and Laopu Gold has surpassed 640 billion HKD as of May 28, 2025 [3] Group 3: Index Composition - As of April 30, 2025, the top ten weighted stocks in the CSI Hong Kong Stock Connect Consumer Theme Index include Alibaba-W (09988), Tencent Holdings (00700), Xiaomi Group-W (01810), and others, with these stocks collectively accounting for 75.96% of the index [4]