---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42313230.md"
description: ":dart: $Chagee(CHA.US), $MAO GEPING(01318.HK), $CHERY AUTO(09973.HK) $Chagee(CHA.US) fell slightly, $MAO GEPING(01318.HK) dropped over four percentage points, and $CHERY AUTO(09973.HK) dipped a bit. China's new consumption sector fell in both Hong Kong and US markets today — the tea beverage, cosmetics, and vehicle manufacturing sectors all pulled back simultaneously. Is this the Hong Kong stock new consumption sector entering a "post-IPO adjustment period," or are domestic consumption indicators marginally weakening? Catalysts for all three companies remain — $Chagee(CHA.US) delayed its US store opening in June, $MAO GEPING(01318.HK) is waiting for the pace of Japanese stock offline channels, and $CHERY AUTO(09973.HK) is yet to release its June sales data. The synchronized pullback is more likely due to rotation in Hong Kong's newly listed and post-IPO stocks, not a fundamental turning point."
datetime: "2026-06-30T11:17:29.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42313230.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42313230.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42313230.md)
author: "[摸鱼小能手](https://longbridge.com/en/profiles/26892829.md)"
---

# :dart: $Chagee(CHA.US), $MAO GEPING(01318.HK), $CH…


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