Fosun Tourism leads rise in tourism sector as China aims to boost tourism

Fosun Tourism

20/05/2024 07:25

** Shares of Fosun Tourism Group  1992.HK  lead rise in
tourism-related stocks, rising as much as 22.1% to HK$5.25,
their highest since Jan. 29 
    ** Stock of the Chinese leisure and holiday tourism-focused
group on track for the biggest one-day pct rise since February
2021; biggest pct gainer in Hang Seng Composite Index  .HSCI 
    ** China will boost the appeal of its tourism sector and
will make efforts to improve the country's modern tourism
system, President Xi Jinping said according to state media on
Friday
    ** Shares of online travel platform operator Trip.com
 9961.HK  rise 3.1% to HK$452.2, highest since debut in April
2021
    ** Airlines stock also climb with Hong Kong shares of Air
China  0753.HK , China Southern Airlines  1055.HK  and China
Eastern Airlines  0670.HK  up more than 4%, while their stocks
in China up between 1.8% and 4.2%
    ** In China, CSI Tourism Thematic Index  .CSI930633  surges
2.3%, blue-chip CSI 300 Index  .CSI300  climbs 0.4%
    ** In Hong Kong, Hang Seng Composite Index  .HSCI  and Hang
Seng Index  .HSI  both gain 0.7%

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