Hong Kong Auto Dealers Rally: Yongda Auto (03669) Surges 11% as Commerce Ministry Proposes Full-Chain Auto Consumption Expansion

Stock News11-27

Auto dealers in Hong Kong saw a rebound today. At press time, Yongda Auto (03669) rose 11.11% to HK$1.8; Harmony Auto (03836) gained 7.95% to HK$0.95; Zhongsheng Holdings (00881) climbed 2.5% to HK$11.9; while Meidong Auto (01268) edged up 1.27% to HK$1.6.

The rally followed remarks from Yang Nian, an official at the Commerce Ministry's Market Operation and Consumption Promotion Department, who stated that promoting commodity consumption remains crucial for benefiting livelihoods. The ministry plans to advance pilot reforms in auto distribution and consumption, expand used car circulation, and develop aftermarket segments including auto modifications, leasing, motorsports, and RV camping to stimulate full-chain auto consumption.

Separately, data from Longzhong Information showed China's auto dealer inventory alert index stood at 52.6% in October 2025, up 2.1 percentage points year-on-year but down 1.9 percentage points month-on-month. While remaining above the boom-bust line (50%), the figures indicate improving industry sentiment though inventory pressures persist.

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