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Written by: Golden Chess
2021-01-21 16:06
Last update date: 2021-01-21 16:06
Trading in the Hong Kong stock market was still brisk despite the epidemic, and it broke through 30,000 points today (21st).
In the past when the economy was booming and stock prices rose sharply, "shark fins for rice" and tables full of abalone and fin belly were commonplace. However, during the epidemic, diners were banned in the evening market. Some people in the catering industry said frankly that the best business restaurant at the moment has a turnover. It’s only 30% in the past. The food situation is gone. "Even if people want to celebrate, the restaurant will not open at night"; even more bluntly, "I don’t want to say "shark fin fish for rice". ".
The jewellery industry’s business decline in recent months has narrowed, from 30% to 40% in the same period last year, improving to a recent drop of about 10%.
The industry hopes that the stock market will flourish, and the approach to the Lunar New Year will drive consumer sentiment, and business volume may increase.
The Hang Seng Index has continued to rise in recent months, and today it even rose above 30,000 points, setting a new 20-month high.
With the stock market booming, old-school investors may think of the "shark fin fishing for rice" scene in the 1970s.
However, under the new coronavirus pneumonia epidemic, Huang Jiahe, chairman of the Hong Kong Federation of Catering Industry Association, pointed out that due to the many restrictions in the catering industry, such as a table for two people and a ban on dinner in the evening market, "I don’t want to celebrate if I want to celebrate." Therefore, even if the stock market is booming, it has not boosted the catering industry.
He recalled that when the stock price rose in the past, "a meal and wine to celebrate is a must-do event every night."
However, eating in the night market is currently banned. "It is not the same as it was then. It is completely different."
He also pointed out that even if people in the financial industry want to make money and want to celebrate, they can only hold private venues called "Meetings", etc., but it does not help the catering industry as a whole.
▼Eat dinner on the streets of the citizens under the ban on food in the evening market▼
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Huang Wunai said that the current scenes such as "shark fin fish rice" "have nothing to do with it." Even the best-business restaurants, their turnover is only 30% of the previous ones. Huang replied, "Only the financial industry is booming, and other industries are shrinking. , Is it healthy?"
He hopes that the government can control the epidemic more effectively. Before the Lunar New Year, "even dine-in food can be relaxed."
He also pointed out that agreeing to the upcoming budget to issue several thousand yuan in consumer coupons depends only on the speed of government administration.
In the jewelry industry, Liu Kebin, general manager of Chow Sang Sang's Greater China operations, said that the decline in business volume has narrowed in recent months, from a 30% to 40% drop in the same period last year, improving to only about 10%.
However, he emphasized that the reason for the narrowing was that "it has fallen too exaggeratedly last year, and the base is problematic."
Regarding the boom in the stock market in recent months, he admitted that business has not seen an increase, but believes that it will take one to two weeks to brew, depending on whether the stock market can continue to be high and the Lunar New Year atmosphere will be driven.
Liu also pointed out that the jewelry industry has missed the December Christmas schedule. He hopes that with the booming stock market and the New Year atmosphere, financial practitioners "make money to drive the retail industry."
▼Compulsory inspections in designated areas in Sham Shui Po will set up inspection stations on January 20▼
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