London (CNN Business) China's decision to allow families to have three children could produce a windfall for makers of strollers, car seats and baby formula. Stocks tied to baby products and maternity services soared in mainland China and Hong Kong on Monday after the Chinese government announced a major change to its family planning policy as the country tries to avert a demographic crisisShares of Goodbaby, which makes children's products, jumped 31% in Hong Kong. Suzhou Basecare Medical Co., which offers genetic testing for couples looking to undergo IVF, rose 15%. Jinxin Fertility Group, which provides assisted reproductive services, gained nearly 18%, while Aidigong Maternal & Child Health, which offers maternity health services, increased 22%. Beingmate, a major infant formula manufacturer, climbed 8% in Shenzhen.

Source: CNN May 31, 2021 11:14 UTC