智通财经网·2025-12-12 02:30Core Viewpoint - The consumer sector is experiencing a positive trend, driven by government policies aimed at boosting domestic consumption and addressing income growth for urban and rural residents [1] Group 1: Market Performance - Consumer concept stocks are mostly rising, with notable increases: Jiumaojiu (09922) up 5.42% to HKD 1.75, Haidilao (06862) up 4.42% to HKD 14.64, Chabaidao (02555) up 6.06% to HKD 7.18, Mengniu Dairy (02319) up 2.53% to HKD 14.6, and Li Ning (02331) up 1.8% to HKD 17.56 [1] Group 2: Government Policies - The Central Economic Work Conference held on December 10-11 in Beijing emphasized the importance of domestic demand and the construction of a strong domestic market [1] - Key policies include the implementation of special actions to boost consumption, the formulation of income growth plans for urban and rural residents, the removal of unreasonable restrictions in the consumption sector, and the promotion of high-quality urban renewal [1] Group 3: Investment Insights - Galaxy Securities highlights the need to focus on the medium to long-term goals of consumption outlined in the 14th Five-Year Plan, with short-term attention on specific policies related to consumption expected to be implemented by 2026 [1] - CMB International suggests three investment directions based on consumption types: 1) survival consumption emphasizing frugality, low prices, and high cost-performance, 2) compensatory consumption focusing on small pleasures and affordable entertainment, and 3) defensive consumption with risk-averse attributes [1]