Fosun Tourism, Duty Free Corp rise as China plans to ease border entry, casinos jump

Fosun Tourism

20/09/2022 09:44

(Update stock prices, adds 6th bullet on China's support)
    ** 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 percentage rise
since June 28 if gains hold
    ** 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  jump 4.1% while its
Shanghai-listed stock  601888.SS  rises 3.1%
    ** Casino operators  .CSICESG10  soar more than 5%
    ** Hong Kong and Macau Affairs Office of the State Council
said on Tuesday http://www.china.com.cn/zhibo/content_78426751.htm
 that relevant departments of the Central Government will
actively study and impose measures to support the development of
Macau's tourism industry  
    ** Stock of Galaxy  0027.HK , MGM China  2282.HK , SJM
 0880.HK , Sands China  1928.HK , Wynn Macau  1128.HK  and Melco
International  0200.HK , rise between 4.3% and 14.7% 
    ** Hang Seng Commerce & Industry Index  .HSNC  jumps 1.8%, 
Hang Seng Composite Index  .HSCI  climbs 1% and Hang Seng Index
 .HSI  rises 1.2%
    

 (Reporting by Donny Kwok, Editing by Louise Heavens)
 ((donny.kwok@thomsonreuters.com))