Hong Kong stocks concept tracking | Domestic expansion and consumption boost are already on the way. Subsidies for catering consumption are expected to increase (attached concept stocks)

The Financial Research Institute of the Chinese Academy of Social Sciences held a press conference in Beijing on February 25th to release the Fourth Quarter Report for 2024 on the "Analysis of China's Macroeconomic Finance". The report suggests that in 2025, the Chinese economy should adhere to the policy of seeking progress while maintaining stability. It should focus on boosting consumer spending, improving income expectations, and increasing existing wealth. The central government should take advantage of the low interest rate environment to actively expand and transfer a significant amount of government wealth to the public sector to promote macroeconomic rebalancing. Huang Wentao, Chief Economist of China Securities Co., Ltd., stated that in 2025, there are five major differences compared to previous market expectations: 1. Technological innovation: China's innovation has surged, with many breakthroughs achieving global prominence. 2. Multiple games: The impact of the 60% tariff proposed by Trump during the election is less significant, as the focus of the U.S. is on domestic affairs. 3. Consumption: Domestic demand and consumer confidence are improving and may exceed expectations. 4. Policy: The pace of counter-cyclical adjustments is restrained but steady. 5. Industrial upgrades: The economy is experiencing industrial upgrades, with rising economic confidence and market sentiment. Dongxing Securities pointed out that the overall performance of the catering supply chain sector was under pressure in 2024, but they expect a recovery in demand in the future. As terminal demand continues to weaken, catering supply chain companies lack growth momentum. Most companies are currently undervalued, providing a safety margin. They anticipate that with policy support for terminal consumption, company performance will rebound. They recommend focusing on leading companies with stronger performance resilience and elastic targets for future demand. Food and beverage consumption, as an important sector in consumption, will also benefit from stimulus policies. They expect a positive improvement in the consumption environment, which will benefit companies in the sector. They are optimistic about future policy reforms in consumption, transaction environment, and policy environment, which will drive overall performance improvement in the food and beverage industry. In particular, with the implementation of various plans, consumption in areas such as tourism, shopping malls, offline experiences, etc., will be boosted, leading to a significant increase in catering consumption. Additionally, local governments are expected to increase subsidies for the catering industry, providing positive assistance. Hong Kong stocks related to catering include NAYUKI (02150), XIABUXIABU (00520), HELENS (09869), HAIDILAO (06862), JIUMAOJIU (09922), etc.