---
title: "The popularity of the Qingming holiday has already formed a \"ripple effect,\" and the enthusiasm for the May Day holiday is expected. Focus on the Hong Kong Stock Connect Consumption ETF ChinaAMC (513230) for investment opportunities"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282301237.md"
description: "The National Bureau of Statistics released data showing that in the first quarter, the CPI rose by 0.9% year-on-year, while the PPI fell by 0.6% year-on-year. During the Qingming holiday, the average daily sales of key retail and catering enterprises nationwide increased by 2.4% year-on-year, and the number of intercity travelers increased by 15.1% year-on-year. The search popularity for travel products during the May Day holiday increased by over 320% compared to the previous month. The Hong Kong Stock Connect Consumption ETF ChinaAMC (513230) covers multiple consumption sectors, including liquor and travel, with constituent stocks including POP MART and YUM CHINA"
datetime: "2026-04-10T06:38:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282301237.md)
  - [en](https://longbridge.com/en/news/282301237.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282301237.md)
---

# The popularity of the Qingming holiday has already formed a "ripple effect," and the enthusiasm for the May Day holiday is expected. Focus on the Hong Kong Stock Connect Consumption ETF ChinaAMC (513230) for investment opportunities

On the news front, data released today (10th) by the National Bureau of Statistics shows that in the first quarter, the national Consumer Price Index (CPI) rose by 0.9% year-on-year; the Producer Price Index (PPI) fell by 0.6% year-on-year. In March, following the Spring Festival holiday, consumer demand saw a seasonal decline, with the CPI decreasing by 0.7% month-on-month and increasing by 1.0% year-on-year; influenced by the rapid rise in international commodity prices and improvements in supply-demand relationships in certain domestic industries, the PPI increased by 1.0% month-on-month and rose by 0.5% year-on-year.

According to data from the Ministry of Commerce, during the Qingming holiday, the average daily sales of key retail and catering enterprises nationwide increased by 2.4% year-on-year. The foot traffic and sales in 78 monitored pedestrian streets (business districts) by the Ministry of Commerce grew by 6.0% and 6.7%, respectively; sales of monitored catering enterprises increased by 3.9% year-on-year; hotel accommodation consumption on key platforms rose by 2.6% year-on-year, intercity travel increased by 15.1% year-on-year, theme park consumption grew by 11.7%, parent-child study tour orders doubled year-on-year, and car rental orders increased by approximately 40% year-on-year. Observational data from the Tongcheng travel platform indicates that the popularity of the Qingming holiday has created a "ripple effect," with the search popularity for travel products during the May Day holiday (April 30 to May 4) increasing by over 320% compared to the Qingming period.

The Hong Kong Stock Connect Consumption ETF Huaxia (513230) tracks the CSI Hong Kong Stock Connect Consumption Theme Index, which covers leading companies in traditional service industries such as hospitality and catering, as well as high-elasticity assets like trendy toys and gold jewelry, and high-dividend targets such as sportswear and white goods. The constituent stocks almost encompass all areas of Hong Kong's consumption, including POP MART, YUM CHINA, Lao Pu Gold, Anta Sports, Nongfu Spring, and Mixue Ice City, among other consumption leaders.

Daily Economic News

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