Core Viewpoint - The Hong Kong stock market shows mixed performance with the Hang Seng Index and Hang Seng Tech Index fluctuating, while the Hong Kong Consumer ETF (159735) experiences a slight increase of 0.25% [1] Group 1: Market Performance - The Hong Kong Consumer ETF (159735) tracks the CSI Hong Kong Stock Connect Consumer Theme Index, which includes 50 liquid and large-cap consumer-related stocks within the Stock Connect framework [1] - Notable gainers within the ETF include Zhenjiu Lidu, which rose over 4%, along with other companies like Gao Xin Retail, Laopu Gold, Mengniu Dairy, and China Feihe [1] Group 2: Industry Insights - Shenwan Hongyuan highlights that the Chinese consumer market is maintaining steady expansion supported by policy initiatives, with service consumption and new business models emerging as key growth drivers [1] - The government is implementing measures such as trade-in programs and financial support to stimulate both supply and demand [1] - Future actions aimed at boosting consumption and optimizing supply are expected to further unlock market potential, contributing to high-quality economic development [1] Group 3: Strategic Focus - Galaxy Securities emphasizes the importance of the "14th Five-Year Plan" in setting medium- to long-term goals for consumption, with a short-term focus on specific policies related to consumption expected to be implemented by 2026 [1] - There is an optimistic outlook for the development of overseas business in the consumer sector by 2026 [1] - Attention is drawn to high-dividend quality companies during market style shifts, as well as companies with alpha potential in various sub-sectors [1]
港股消费ETF（159735）飘红，珍酒李渡涨超4%，机构：对消费行业明年海外业务发展持乐观观点