HK shares of Chinese pork firms rise on govt support boost; WH Group leads gains

China Yurun Food

04/09/2019 07:17

** Hong Kong-listed shares of Chinese pork producers rise,
led by WH Group  0288.HK , gaining as much as 7.6% to HK$6.80,
their highest since Aug. 21  
    ** WH stock on track for 2nd straight session of gain
    ** Beijing asked local governments to expand subsidized
loans to more pig farms and increase insurance for hogs,
according to a statement on the finance ministry website, as
part of the nation's campaign to promote pig production after
African swine fever ravaged its pig herd  urn:newsml:reuters.com:*:nL3N25V0O3
    ** Hong Kong-listed COFCO Meat Holdings Ltd  1610.HK  climbs
as much as 5.1% to its highest since Aug. 27, while China Yurun
Food Group Ltd  1068.HK  gains 3.2% 
    ** China's hog herd has shrunk by around a third since a
year ago in July, while meat imports are significantly higher as
buyers stock up ahead of an expected huge pork shortage caused
by the swine fever outbreak  urn:newsml:reuters.com:*:nL3N25N17K
    ** The Hong Kong Hang Seng sub-index tracking consumer goods
companies  .HSCICG  gains 0.6% on Wednesday
    ** The Hang Seng China enterprises index  .HSCE  climbs
1.4%, and the benchmark index  .HSI  rises 1.9%

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))