HK Stock Market Move | TRIP.COM-S (09961) rose more than 3%, institutions bullish on continuous growth of Golden Week tourism market.

TRIP.COM-S (09961) rose more than 3%, up 3.66% as of the publication, at 595 Hong Kong dollars, with a trading volume of 805 million Hong Kong dollars. On the news front, the State Council Information Office held a press conference on September 17 regarding policy measures to expand service consumption. In addition, as the Mid-Autumn Festival and National Day holidays approach, the tourism market continues to heat up, with related products entering the peak booking period. Huaxi pointed out that with the National Day and Mid-Autumn Festival holidays approaching, the Golden Week tourism market is expected to continue growing. A recent research report by Caitong stated that as a leading company in the domestic OTA industry, the company has established deep competitive barriers in areas such as supply chain, user mindset, and global resource integration. The recovery of the domestic tourism market provides stable support for the company's domestic business growth, while inbound and international business become the core drivers of long-term performance growth.