HK Stock Market Move | Dairy stocks rise in the afternoon as childcare service construction advances. Institutions said that the focus on dairy products catalyzes childcare subsidy policies.

Dairy stocks rose in the afternoon, as of the time of writing, YOURAN DAIRY (09858) rose by 11.38% to 3.62 Hong Kong dollars; YST DAIRY (01431) rose by 5.66% to 0.28 Hong Kong dollars; CH MODERN D (01117) rose by 5.26% to 1.2 Hong Kong dollars; MENGNIU DAIRY (02319) rose by 3.64% to 16.5 Hong Kong dollars. On the news front, on July 8, the National Development and Reform Commission and six other departments jointly issued the "Opinions on Accelerating the Construction of Inclusive Childcare Service System" in China, aiming to develop an inclusive childcare service system to meet the diverse needs of the population. The opinion clearly states the construction of a "1+N" childcare service system, with the core being the childcare comprehensive service center serving as the hub, playing a demonstrative and leading role in promoting regional childcare development. The "N" includes various forms of childcare institutions, community-based childcare, and other forms, providing diverse service supports. Tianfeng pointed out that several recent maternity support policies have been implemented: the General Office of the Communist Party of China Central Committee and the General Office of the State Council issued the "Implementation Plan for Parenting Subsidy System," which specifies that parenting subsidies will be given to infants and toddlers born before January 1, 2025, exempt from personal income tax and not counted as family income; Provinces like Yunnan, Hubei, and Shanxi have fully implemented direct personal maternity allowances, potentially catalyzing demand for dairy products.