BUZZ-Fosun Tourism leads rise in tourism sector as China aims to boost tourism

Reuters05-20

** Shares of Fosun Tourism Group lead rise in tourism-related stocks, rising as much as 22.1% to HK$5.25, their highest since Jan. 29

** Stock of the Chinese leisure and holiday tourism-focused group on track for the biggest one-day pct rise since February 2021; biggest pct gainer in Hang Seng Composite Index

** China will boost the appeal of its tourism sector and will make efforts to improve the country's modern tourism system, President Xi Jinping said according to state media on Friday

** Shares of online travel platform operator Trip.com

rise 3.1% to HK$452.2, highest since debut in April 2021

** Airlines stock also climb with Hong Kong shares of Air China , China Southern Airlines and China Eastern Airlines up more than 4%, while their stocks in China up between 1.8% and 4.2%

** In China, CSI Tourism Thematic Index surges 2.3%, blue-chip CSI 300 Index climbs 0.4%

** In Hong Kong, Hang Seng Composite Index and Hang Seng Index both gain 0.7%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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