China's Stock Benchmark Hits Yearly High as Consumer Shares Surge on RRR Cut Hopes and Beijing Plans Briefing

China's stock benchmark has reached its highest level of the year, driven by a surge in consumer shares amid expectations of increased policy support. Analysts attribute this rally to hopes for a reserve requirement ratio (RRR) cut and measures aimed at boosting consumption. Reports indicate that Beijing is planning a briefing focused on consumption, which has further fueled investor optimism in the market.