Understanding the Market | MEITUAN rises over 4% as the company participates in Shanghai's consumption subsidy program; institutions say that the consumption subsidy policy may be further intensified within the year
Meituan-W rose over 4%, and as of the time of writing, it increased by 3.25%, reaching HKD 143, with a transaction volume of HKD 1.641 billion. On the news front, according to market reports on May 6, the Shanghai Municipal Commission of Commerce stated that to implement the 2025 Shanghai household appliance, mobile phone, and home decoration consumption subsidy policy, a new list of participating enterprises for the 2025 household appliance, mobile phone, and home decoration consumption subsidy activities (second batch) has been announced after procedures including enterprise declaration, preliminary review by industry associations, and discussions by relevant authorities, which includes e-commerce platforms such as Meituan and Ele.me. Ping An Securities previously pointed out that boosting consumption is of significant importance in the 2025 economic work, and looking ahead, the central government is expected to increase financial support for "trade-in" programs, with the scope of policy support likely to expand, and the consumption subsidy policy in 2025 may be further strengthened. Huatai Securities indicated that consumption during the May Day holiday continued to show a warming trend, with most provinces and cities experiencing steady growth in holiday consumption, and trade-in and emotional value consumption performing well. In terms of tourism, benefiting from consumption promotion policies and improved weather, the willingness to travel has continued to rise year-on-year. In the hotel and duty-free dining sector, benefiting from the tourism boom in lower-tier markets and increased demand for quality-price ratios, the hotel industry during the May Day holiday has seen a recovery in both volume and price
According to Zhitong Finance APP, Meituan-W (03690) rose over 4%, and as of the time of writing, it is up 3.25%, priced at HKD 143, with a transaction volume of HKD 1.641 billion.
On the news front, according to market reports on May 6, the Shanghai Municipal Commission of Commerce stated that to implement the 2025 Shanghai household appliance, mobile phone, and home decoration consumption subsidy policy, a new list of participating enterprises (second batch) for the 2025 household appliance, mobile phone, and home decoration consumption subsidy activities has been announced after procedures including enterprise declaration, preliminary review by industry associations, and discussions by relevant authorities. This list includes e-commerce platforms such as Meituan and Ele.me.
Ping An Securities previously pointed out that boosting consumption is of significant importance in the 2025 economic work. Looking ahead, the central government is expected to increase financial support for "trade-in for new" programs, and the scope of policy support is likely to expand, with the consumption subsidy policy in 2025 possibly being further strengthened. Huatai Securities indicated that the consumption during the May Day holiday continued to show a warming trend, with most provinces and cities experiencing steady growth in holiday consumption, and the trade-in for new and emotional value consumption performing well. In terms of tourism, benefiting from consumption promotion policies and improved weather, the willingness to travel has continued to increase year-on-year. In the hotel and duty-free dining sectors, driven by the tourism boom in lower-tier markets and increased demand for quality-price ratios, the hotel industry during the May Day holiday has seen a recovery in both volume and price
