HK Stock Market Move | Jiumaojiu (09922) rose by over 9%, leading the catering stocks. The release of major policies is expected to boost consumption. Catering companies are gearing up for the National Day Golden Week.

In early trading, the catering stocks were all on the rise. As of the time of writing, JIUMAOJIU (09922) rose 9.27% to 2.71 Hong Kong dollars; NAYUKI (02150) rose 8.96% to 1.46 Hong Kong dollars; HAIDILAO (06862) rose 6.29% to 1.52 Hong Kong dollars; XIABUXIABU (00520) rose 5.48% to 0.77 Hong Kong dollars. On the news front, on September 24, the State Council Information Office held a press conference, where the heads of the People's Bank of China, the China Banking and Insurance Regulatory Committee, and the China Securities Regulatory Commission introduced the relevant situation of financial support for high-quality economic development. Pan Gongsheng, the governor of the People's Bank of China, stated that the relatively strong monetary policy introduced this time will help support the economy and promote consumption and investment. Guosen pointed out that with the continuous introduction of favorable policies to expand domestic demand by the government, the overall sentiment of the social services sector has been relatively boosted from the previous pessimistic expectations. Shanghai Securities believes that the Mid-Autumn Festival and the upcoming National Day holiday, as traditional peak sales seasons, are significant milestones in the annual sales of catering enterprises. It is bullish on leading catering enterprises to innovate themselves to address the important trend of catering consumption becoming more price-oriented and cost-effective, actively seizing the holiday economy.