CPI回暖趋势初现，多重催化下消费板块或将迎来轮动补涨机会

Core Insights - The Hong Kong consumer sector showed slight fluctuations, with the Hong Kong Consumer ETF (513230) experiencing a drop of over 0.8% at one point, but the decline narrowed to around 0.2% [1] - The State Council's executive meeting emphasized enhancing the adaptability of supply and demand in consumer goods to further promote consumption, indicating a strategic focus on consumption upgrades leading to industrial upgrades [1] - China International Capital Corporation (CICC) noted that the previously leading technology sector has entered a consolidation phase, and with the end of Q3 earnings reports, the market is transitioning into a performance vacuum period, suggesting a potential rotation and rebound opportunity for the consumer sector [1] Industry Summary - The consumer sector is expected to benefit from multiple catalysts, including a warming CPI trend, which has a high correlation with essential consumer market performance [1] - Related popular ETFs include the Tourism ETF (562510) driven by holiday catalysts and the Ice and Snow Economy, the Food and Beverage ETF (515170) aimed at boosting domestic demand, and the Hong Kong Consumer ETF (513230) focusing on e-commerce leaders and new consumption trends [2]