HK Stock Market Move | CHINA TRAVEL HK (00308) up more than 5%, Golden Week expected to heat up the tourism market. Institutions are optimistic about the company's business growth.

CHINA TRAVEL HK (00308) rose more than 5%, up 5.17% as of the time of publication, to 1.83 Hong Kong dollars, with a turnover of 2.19 billion Hong Kong dollars. On the news front, on September 16th, the Ministry of Commerce and other departments issued "Several Policy Measures on Expanding Service Consumption", proposing to explore policies such as setting up spring and autumn breaks for primary and secondary schools, and continue to encourage optimization of supply-side products, suggesting to pay attention to the policy effects. Zhongjin pointed out that looking forward to the Mid-Autumn Festival and National Day holidays, current booking data is performing well, anticipating a demand for leisure travel during the holidays. It is recommended to pay attention to companies that are expected to welcome turning points, marginal improvements, or benefit from service consumption policies, including CHINA TRAVEL HK. Guozheng International recently released a research report stating that the company is actively laying out the ice and snow economy, acquiring 75% equity of Jilin Songhua Lake International Resort Development Co., Ltd. under Vanke and Beijing Wanjia Ice and Snow Sports Co., Ltd., with related businesses to be consolidated in November, expected to bring more income and profit increment to the company. In addition, this year's National Day + Mid-Autumn Festival 8-day super-long Golden Week, the tourism market is expected to experience rapid growth, thereby driving business growth for the company.