Seven government departments issue document to boost commodity consumption expansion and upgrade; multiple retail stocks hit daily limit

Industry
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Summary · why it matters

On September 1, the retail sector was active. Guofang Group quickly sealed its board at the open and hit the daily limit at 9:31 a.m., marking a three-session winning streak. Maoye Commercial, Guoguang Chain, Dongbai Group and several other stocks also hit their daily limits. In terms of news, the Ministry of Commerce and six other departments issued the Implementation Opinions on Promoting the Expansion and Upgrading of Commodity Consumption, proposing that by 2030 total retail sales of consumer goods will reach around 60 trillion yuan, and that ten-trillion-yuan-level markets will be cultivated in areas such as green consumption, smart consumption and health consumption. It also aims to promote sustained growth in retail sales of trillion-yuan-level categories including automobiles, home appliances, communication equipment, textiles and clothing, keeping the market scale in a global leading position.

Impact on stocks 4

Others▲ · 4 stocks
Maoye Commercial Co Ltd
600828
▲ PositiveDemandrelevance

Policy to expand commodity consumption supports retail sales, positively impacting Maoye Commercial.

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