Sou Hu Cai Jing·2025-06-09 03:31Group 1 - The Hong Kong stock market experienced a strong upward trend, particularly in sectors such as short videos, e-commerce, automotive, and domestic fashion, with significant gains in stocks like Kuaishou-W, Meituan-W, and Li Auto-W [1] - The Hong Kong Consumption ETF (159735) showed a high turnover rate exceeding 7%, indicating strong market interest and activity [1] - New consumption and value growth are expected to progress in parallel, with structural benefits driven by new channels and product innovations, particularly in snacks, health products, and food additives [1] Group 2 - Traditional food and beverage leaders are achieving robust growth through strong product innovation and channel expansion, particularly in the beer and beverage sectors [1] - The Hong Kong Consumption ETF tracks the Hong Kong Consumption Index, which reflects a higher proportion of new consumption categories compared to the A-share market, focusing on e-commerce, consumer electronics, new energy vehicles, and more [1] - Recent policy directions emphasize increasing income for low- to middle-income groups and developing service consumption, indicating that consumption, especially service consumption, will be a key focus for future economic policies [2]