Lingnan Holdings hits limit-up as tourism sector gets policy boost

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Lingnan Holdings opened limit-up, sparking a broad rally in tourism-related stocks. On the policy front, the State Council has approved in principle the 15th Five-Year Plan for building a strong tourism nation, which focuses on modernising the tourism system and unlocking consumption potential. Tibet Tourism also hit limit-up, while Dalian Sun Asia, Songcheng Performance, and Zhangjiajie Tourism Group rose in sympathy. The coal sector also pushed higher, with Jinneng Holding Coal Industry hitting limit-up, and Lu'an Environmental Energy, Shanxi Coal International Energy, and Shaanxi Coal Industry advancing. A CICC research note pointed out that the industry's supply-demand balance will continue to improve against a backdrop of supply contraction.

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