---
title: "Understanding the Market | Autohome-S rose over 5% in early trading, multiple departments jointly issued a document to strengthen the automotive aftermarket, 40 cities pilot automotive circulation consumption reform"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290629135.md"
description: "Autohome-S rose over 5% in early trading, and as of the time of writing, it is up 5.46%, priced at HKD 35.56. In terms of news, on June 23, the Ministry of Commerce and 9 other departments jointly issued the \"Notice on Several Measures to Cultivate and Expand the Automotive Aftermarket Consumption,\" launching 17 measures in 6 major areas, including automotive modification, RV camping, and classic cars, aimed at breaking institutional restrictions, optimizing supply, and cultivating new business formats. On the same day, the Ministry of Commerce and 8 other departments also announced the list of pilot cities for automotive circulation consumption reform, with 40 pilot cities focusing on the automotive aftermarket, as well as new car consumption, used car circulation, and scrapped vehicle recycling and utilization. Notably, on June 18, Autohome and Alipay officially signed an ecological co-construction cooperation agreement in Hangzhou. Over the past year, both parties have achieved phased results in areas such as traffic interconnection, content co-construction, and lead conversion, with the user activity and lead acceptance capability of the Autohome mini-program within the Alipay ecosystem steadily improving. Based on this, both parties will upgrade their cooperation around three major directions: \"data infrastructure, ecological co-construction, and commercial joint operations,\" jointly building a new ecosystem for sustainable automotive services"
datetime: "2026-06-24T01:41:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290629135.md)
  - [en](https://longbridge.com/en/news/290629135.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290629135.md)
---

# Understanding the Market | Autohome-S rose over 5% in early trading, multiple departments jointly issued a document to strengthen the automotive aftermarket, 40 cities pilot automotive circulation consumption reform

According to Zhitong Finance APP, Autohome-S (02518) rose over 5% in early trading, and as of the time of publication, it increased by 5.46%, reaching HKD 35.56.

In terms of news, on June 23, the Ministry of Commerce and 9 other departments jointly issued a notice on "Several Measures to Cultivate and Expand the Automotive Aftermarket Consumption," launching 17 measures around six major areas including automotive modification, RV camping, and classic cars, focusing on breaking institutional restrictions, optimizing supply, and cultivating new business formats. On the same day, the Ministry of Commerce and 8 other departments also announced the list of pilot cities for automotive circulation consumption reform, with 40 pilot cities focusing on the automotive aftermarket, as well as new car consumption, used car circulation, and scrapped vehicle recycling and utilization.

It is worth noting that on June 18, Autohome and Alipay officially signed an ecological co-construction cooperation agreement in Hangzhou. Over the past year, both parties have achieved phased results in areas such as traffic interconnection, content co-construction, and lead conversion. The user activity and lead acceptance capability of the Autohome mini-program within the Alipay ecosystem have steadily improved. Based on this, both parties will upgrade their cooperation around three major directions: "data infrastructure, ecological co-construction, and commercial joint operation," jointly building a new sustainable automotive service ecosystem

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