HK Stock Market Move | CHINA TRAVEL HK(00308) surges over 9% in early trading, now included in Hong Kong Stock Connect. Institutions bullish on strong demand for Chinese travel.

CHINA TRAVEL HK (00308) surged over 9% in early trading, as of the end of the report, it was up 6.6% to HKD 1.13, with a trading volume of HKD 18.6088 million. On the news front, Hang Seng Index Company announced the results of its quarterly review, with CHINA TRAVEL HK being included in the Hang Seng Composite Index. On March 10th, the Shenzhen Stock Exchange announced adjustments to the list of securities included in the Stock Connect program, with CHINA TRAVEL HK being added. In addition, CHINA TRAVEL HK will hold a board meeting on March 26th to approve the publication of its annual performance. CICC International had previously cited tourism data from the Chinese New Year holiday in January and February, indicating that overall demand for travel in China remains strong. The bank stated that while it maintains an optimistic view on the tourism industry, it expects a decrease in outbound travel demand to Southeast Asia, with neighboring countries in East Asia, Hong Kong and Macau benefiting as a result.