Trip.com Group's stock surged 5.08% in Friday's intraday trading session, as Hong Kong stocks headed for a second weekly gain on expectations of stimulus measures before a crucial economic policy meeting.
The rally in Trip.com, a leading Chinese online travel agency, was fueled by hopes that the upcoming central economic work conference will maintain a positive tone for macroeconomic policies in 2025. Policymakers are expected to highlight areas such as local-government debt, the property market, consumption, and technological innovation as essential priorities.
Investor sentiment towards Chinese internet companies, including Trip.com, was boosted by the anticipation of supportive policies and measures to stimulate economic growth. The upcoming economic meeting, which will be presided over by President Xi Jinping and top officials, is seen as a critical event for setting the country's economic agenda for the next year.
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