Hundred-billion-level fiscal and financial instruments implemented to boost domestic demand, with the large consumer sector rising sharply. Le Hui International and Jun Yao Health hit the daily limit.

(Source: Finance News)

          Securities analysts believe that under inflation expectations, food and beverage sub-sectors with cost transmission capabilities (such as condiments and beer) are likely to benefit from the logic of price increases.            

On March 27, the consumer sector saw a volatile rebound, with food and beverage and daily chemical sectors leading the gains. Lehui International (603076.SH) and Junyao Health (605388.SH) hit the daily price limit, while Haidilao (603288.SH), Ruoyuchen (003010.SZ), Shanghai Jiubai (600838.SH), and Zhongju Gaoxin (600872.SH) followed suit.

In terms of news, this year, the country has innovatively established policy tools for fiscal and financial coordination to promote domestic demand, with the central government allocating 100 billion yuan specifically for launching a comprehensive six-item policy package aimed at boosting domestic demand, including four targeted supports for private investment and two supports for household consumption. Minister of Finance Lan Fang’an stated that these six policies have formed a transmission chain of fiscal transmission, financial amplification, and market operation, which is conducive to leveraging larger-scale social resources toward key areas for expanding domestic demand.

Many industry experts believe that in the current complex and changing international environment, finance serves as the lifeblood connecting various resources of the real economy. Guiding financial resources toward expanding domestic demand will hedge against the risks of external demand fluctuations, enhance the resilience of economic development, and effectively unblock the bottlenecks in household consumption, smooth economic circulation, and activate the endogenous momentum for economic growth.

Data shows that in January-February 2026, the total retail sales of consumer goods grew by 2.8% year-on-year, with the growth rate increasing by 1.9 percentage points compared to December of last year. Among them, the retail sales of tobacco and alcohol grew by 19.1% year-on-year, and beer production increased by 6.5% year-on-year, indicating strong resilience in holiday consumption. Additionally, the CPI in February increased by 1.3% year-on-year, marking the highest level in nearly three years, showing a rebound trend.

Securities analysts believe that under inflation expectations, food and beverage sub-sectors with cost transmission capabilities (such as condiments and beer) are likely to benefit from the logic of price increases.

CICC’s research report points out that currently, only cash in U.S. dollars (short-term bonds) and defensive directions within A-shares can provide a good hedging effect (such as low volatility dividends, consumer real estate with low expectations, or low-priced stocks that have already corrected or are not highly valued). Moreover, based on our credit cycle framework, we expect that the second quarter will be the weakest phase of the credit cycle, so making appropriate adjustments to positions during this period to avoid uncertainty is also a reasonable choice.

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