HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) rose more than 6% in the afternoon. With the National Day holiday travel peak approaching, institutions suggest focusing on the recovery of consumer spending power.

China Tourism Group Duty Free Corporation (01880) rose more than 6% in the afternoon session, as of press time, up 5.37% to HK$44.15, with a turnover of HK$90.344 million. On the news side, on the evening of September 15, Kanye West's world tour listening session in Haikou ended perfectly at Wuyuanhe Sports Stadium. According to the Haikou Tourism and Culture Bureau, the ticket sales for this listening session reached approximately 51 million yuan, driving Haikou's tourism revenue to 373 million yuan. On the day of the performance, the sales of duty-free shops on the outlying islands of Haikou were 56 million yuan, an increase of 4.5% year-on-year and 21.5% month-on-month. Caitong pointed out that the Mid-Autumn Festival holiday is limited by the short number of days, the overall impact on listed company performance is limited, and it is recommended to focus on market expectations for the upcoming National Day Golden Week starting this weekend. Kaiyuan Securities pointed out that in August, Hainan's duty-free sales volume/average transaction price still faces pressure, with a year-on-year decline in sales volume and a month-on-month decrease, mainly due to high base level, weaker consumer spending, and the impact of outbound tourism diversion. Attention should be paid to the marginal catalysts for the recovery of consumer spending, domestic duty-free shopping, and the implementation progress of consumption tax policies in the domestic duty-free market.