Fosun Tourism, Duty Free Corp rise as China plans easing border entry

Fosun Tourism

20/09/2022 06:26

** Shares of holiday tourism business operator Fosun Tourism
Group  1992.HK  lead rise in tourism-related stocks, surging as
much as 10.1% to HK$7.95, the biggest daily pct rise since June
28 if gains hold
    ** Stock hits the highest since Sept 7; eighth-biggest pct
gainer in Hang Seng Composite Index  .HSCI  
    ** China's government issued draft rules aimed at making it
easier for some foreigners to enter the country for visits to
tourism sites along the Chinese border  urn:newsml:reuters.com:*:nL1N30Q0GJ
    ** Travel groups organised by tour agencies in border areas
in China can choose their port of entry and exit "flexibly", the
Ministry of Culture and Tourism said, without giving specifics
on locations and dates 
    ** Hong Kong shares of duty free network operator China
Tourism Group Duty Free Corp  1880.HK  climb 1% while its
Shanghai-listed stock  601888.SS  rises 2.3%
    ** Casino operators  .CSICESG10  soar more than 5%
    ** Stock of Galaxy  0027.HK , MGM China  2282.HK , SJM
 0880.HK , Melco International  0200.HK , Sands China  1928.HK 
and Wynn Macau  1128.HK  rise between 3.8% and 7.3% 
    ** Hang Seng Commerce & Industry Index  .HSNC  jumps 2.2%, 
Hang Seng Composite Index  .HSCI  climbs 1.2% and Hang Seng
Index  .HSI  rises 1.3%
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))