The E Fund Liquor ETF (03189) rose more than 4% in the afternoon, with a 3.2% increase as of the time of publication, reaching 1.226 Hong Kong dollars, with a trading volume of 1.0407 million Hong Kong dollars. On the news front, in the afternoon of May 27th, the A-share liquor sector rose against the trend, with Shuijingfang hitting the limit up, and Jinhuijiu and Jiuguijiu rising more than 7%. Guohai Securities believes that the liquor chips are close to clearing out, and the industry turning point is approaching. Currently, the chips in the food and beverage sector are accelerating their clearing out, and if institutional style switching occurs in the future, combined with consumption recovery, the food and beverage sector is expected to see a dual trend of valuation repair and performance realization. Data shows that the E Fund Liquor ETF closely tracks the CSI Liquor Index, focusing on leading liquor companies such as Kweichow Moutai, Wuliangye, and Luzhou Laojiao, covering core high-quality assets in the industry, with the top ten weighted stocks all being leading enterprises with strong brand power and risk resistance capabilities.