Changes in Hong Kong stocks | Xinzio Motorhome (00805) rose nearly 8% in early trading, a record high, ten departments jointly introduced measures to promote motorhome consumption

The Zhitong Finance App learned that Xinjio Touring Car (00805) rose nearly 8% in early trading, to a record high of HK$12. As of press release, it rose 6.10% to HK$11.82, with a turnover of HK$129 million.

According to the news, on September 18, the General Office of the State Council relayed “Certain Measures to Promote RV Consumption” from 10 departments including the Ministry of Culture and Tourism to systematically break through motorhome consumption blockages in seven areas, including improving the quality of motorhome supply, optimizing motorhome registration and disposal management, strengthening motorhome camp construction, improving motorhome rental services, and increasing financial support.

According to public information, Xingeo Motorhome has three major brands: the mid-range brand SNOWY RIVER, the high-end brand REGENT, and the light off-road brand NEWGEN, leading the market share in Australia and New Zealand. According to 2023 data, Singeo's market share in the Australian and New Zealand motorhome market reached 7.8%, ranking second.