[Special Stock] Hengsheng Group, Chinese Toy and Children's Clothing Company... Beneficiary of China's Abolition of Birth Control Policy

[Asia Economy Reporter Park Hyungsoo] Shares of Hengsheng Group, which produces toys and children's clothing, are showing strong performance.

At 9:29 AM on the 1st, Hengsheng Group was trading at 723 won, up 22.75% from the previous day.

The Central Political Bureau of the Chinese Communist Party held a meeting chaired by President Xi Jinping on the 31st of last month and finalized the "Family Planning Policy Improvement Plan," which includes measures to relax birth restrictions. Couples are now allowed to have up to three children.

Kim Sunyoung, a researcher at DB Financial Investment, explained, "It can be seen as a process of effectively abolishing the birth restriction policy entirely," adding, "The Political Bureau meeting also decided to gradually raise the retirement age as society enters an aging phase."

Hengsheng Group's subsidiary, Jinjiang Hengsheng Toy Co., Ltd., mainly produces children's toys such as stuffed toys, electric toys, and animation toys. Quanzhou Jazzit Apparel Co., Ltd. sells children's clothing.

It is expected that the relaxation of birth restrictions will lead to growth in the children's toy, children's clothing, and animation industries.