Shares of HAIDILAO International Holding Ltd. surged 5.78% on Thursday, outperforming the broader market as investors piled into Chinese consumption stocks on expectations of supportive policies.
The rally was fueled by optimism that policymakers will unveil concrete measures to boost domestic demand during the ongoing Central Economic Work Conference. Authorities have pledged their strongest commitment in years to revive growth through ramped-up monetary and fiscal stimulus.
Adding to the positive sentiment, several major cities like Shanghai and Beijing have reportedly launched new rounds of voucher programs to encourage local consumption ahead of the upcoming holidays. These initiatives, combined with the anticipated stimulus policies, lifted the overall market mood and boosted consumption-related stocks.
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