E Fund White Spirits ETF (03189) rose more than 4% during the afternoon session. At the time of writing, it was up 3.2%, trading at HKD 1.226 with a turnover of HKD 1.04 million. On the news front, the A-share white spirits sector saw an upward movement against the broader market trend in the afternoon of May 27. Sichuan Swellfun surged by the daily limit, while GDH and JiuGuiJiu both gained over 7%. Guohai Securities suggests that the unwinding of positions in the white spirits sector is nearing its end, indicating that an industry inflection point is approaching. Currently, the food and beverage sector is experiencing accelerated position unwinding. If institutional allocation styles shift subsequently, coupled with a recovery in consumption, the sector is poised for a dual rally driven by valuation repair and earnings realization. According to available information, the E Fund White Spirits ETF closely tracks the CSI White Spirits Index, focusing on leading liquor companies such as Kweichow Moutai, Wuliangye, and Luzhou Laojiao. It encompasses the core high-quality assets within the industry, with its top ten holdings consisting of leading enterprises known for their strong brand power and risk resilience.