Analysis of Investment Impact of 2026 New Year and Spring Festival Livelihood Security Policies on Related Industries

The 2026 New Year and Spring Festival Livelihood Security Policy issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council focuses on livelihood security, market supply, and price supervision, covering coal, electricity, oil, and gas production and transportation, supply of daily necessities, supervision of catering and accommodation, and cracking down on price gouging [1]. Through an analysis of the market performance of three representative stocks from December 18 to 24, 2025 [0], the reactions of various industries are as follows:

1. Consumer Goods Industry (600519 Kweichow Moutai)
   ：The policy mainly covers daily necessities such as grain, oil, meat, eggs, and milk. As a high-end liquor, Kweichow Moutai is not directly regulated by the policy. During the period, its stock price fluctuated slightly: on December 22 (the day the policy was released), the closing price was 1408.26 yuan, a 0.4% drop from December 19 (the last trading day before the weekend). The overall trend has low correlation with the policy [0].
2. Energy Industry (600028 China Petroleum & Chemical Corporation)
   ：The policy requires stabilizing coal, electricity, oil, and gas supply. Initially, investors had cautious sentiment due to potential supply constraints from the policy, with the stock price falling 0.51% to 5.87 yuan on December 22. Later, the market interpreted the policy as ensuring energy supply-demand balance, leading to a 0.85% rebound to 5.92 yuan on December 23, and trading volume increased from 119.8M shares on December 22 to 147.85M shares, indicating investors’ improved confidence in energy supply stability [0].
3. Catering Industry (002024 Haidilao)
   ：The policy involves supervision of catering accommodation and price regulation. On December 22, the closing price was 1.71 yuan, a 0.58% drop from December 19 (there may be annotation errors in the change rate in the data). Subsequently, the stock price remained at 1.70 yuan from December 23 to 24, and trading volume decreased from 33.57M shares on the policy release day to 13.30M shares, as investors took a wait-and-see attitude towards the actual impact of the policy on catering consumption [0].

• The policy’s impact on industries depends on whether the sub-field is directly regulated by the policy: areas重点覆盖 by the policy such as daily necessities will benefit from stable supply and price regulation, while non-key areas like high-end consumer goods have limited impact.
• The first decline then rise of the energy industry reflects investors’ expectation shift: from worrying about policy constraints to expecting a stable operating environment brought by supply-demand balance.
• The flat response of the catering industry may be due to the regulatory nature of the policy triggering market concerns about costs and operational restrictions; long-term impact needs to be evaluated in combination with subsequent specific policy details.

• Risks
  : Price supervision measures may affect profit margins of some enterprises; regulatory requirements for the catering industry may increase operational costs.
• Opportunities
  : The energy industry will benefit from a stable supply-demand environment, reducing price fluctuation risks; the daily necessities sector will improve market expectations due to supply guarantees and price stability; if the catering industry can operate standardizedly, it will enhance consumer confidence.

This livelihood security policy is a regular policy during the New Year and Spring Festival period, aiming to maintain market stability and people’s livelihood welfare. Short-term market reactions show that the policy’s impact varies across industries, and investors need to evaluate it in combination with industry attributes and policy details. The stable supply expectation of the energy industry is worth attention; the high-end consumer goods industry is less directly affected by the policy; the catering industry needs to pay attention to the specific content of subsequent regulatory measures.

It should be noted that this analysis is based on short-term market data, and the long-term impact of the policy needs to be further observed in combination with the actual operation of enterprises and policy implementation.