Shares in childcare companies soar after China scraps one-child policy

Goodbaby International Holdings

30/10/2015 01:20

HONG KONG, Oct 30 (Reuters) - Shares of baby stroller maker 
Goodbaby International Holdings Ltd  1086.HK  and diaper maker 
Hengan International  1044.HK  jumped on Friday after China 
scrapped its one-child policy.  
    China's ruling Communist Party said on Thursday it would  
ease family planning restrictions to allow two children for all 
couples.  urn:newsml:reuters.com:*:nB9N12K00X 
    Companies that cater to the childcare industry welcomed the 
news, with Goodbaby climbing 8.9 percent, Hengan rising 3.3 
percent and skin care products maker China Child Care  1259.HK , 
formerly Prince Frog, gaining 17.3 percent.  
    Shares of infant formula maker Biostime International 
 1112.HK  rose 11.8 percent, milk powder maker Yashili 
International  1230.HK  surged 9.6 percent, and dairy products 
maker China Mengniu Dairy  2319.HK  also climbed 6.7 percent. 
     
 
 (Reporting by Donny Kwok; Editing by Paul Tait) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: CHINA POPULATION/STOCKS