2 1 Shi Ji Jing Ji Bao Dao·2025-09-02 02:10Group 1 - The Hong Kong stock market opened lower on September 2, with the Hong Kong Consumption ETF (159735) rising by 0.23% and a trading volume exceeding 15 million yuan, indicating a premium trading trend [1] - Notable stocks within the ETF include Zhongsheng Holdings and Midea Group, both rising over 4%, while Galaxy Entertainment, BYD, Pop Mart, and Miniso saw increases of over 1% [1] - The Hong Kong Consumption ETF has experienced net inflows in 8 out of the last 10 days, totaling over 110 million yuan [1] Group 2 - According to Huatai Securities, the consumption sector is witnessing structural opportunities driven by new demands, scenarios, and models, with significant growth in emotional and personalized products like trendy toys and cosmetics [2] - The integration of services and products is reshaping the "people-goods-scene" relationship, expanding consumption boundaries [2] - Domestic brands are rapidly rising due to innovative business models and channel efficiency, with a focus on categories that show potential for penetration, supply-side capabilities, and policy support [2]