The E Fund White Spirits ETF (03189) saw an intraday surge exceeding 4%. At the time of writing, it is up 3.88% to HK$1.07, with a turnover of HK$574,200.

On the news front, A-share white spirits stocks experienced a rapid uptick on July 10th. Huangtai Wine Industry hit the intraday limit-up, while shares of Jinshiyuan and Luzhou Laojiao, among others, also moved higher.

A recent Goldman Sachs research report suggests the most challenging inventory destocking phase for China's white spirits industry has passed. The report cites accelerated supply-side reductions, stabilizing wholesale prices for key mid-to-high-end products, and a trend towards healthier channel inventories, indicating the industry is in the very early stages of recovery.

Information shows the E Fund White Spirits ETF closely tracks the CSI White Spirits Index. It focuses on leading liquor companies such as Kweichow Moutai, Wuliangye, and Luzhou Laojiao, encompassing the industry's core high-quality assets. Its top ten holdings are all leading enterprises with strong brand power and risk resilience.