Zheng Quan Shi Bao Wang·2024-12-16 00:18Core Viewpoint - The report from CITIC Securities emphasizes the importance of the "first-release economy," which encompasses various economic activities related to the initial launch of products, services, and business models [1] Group 1: Definition and Characteristics - The "first-release economy" refers to a chain of development processes that include the first release of products or services, their first exhibition, the opening of initial stores, the establishment of research centers, and the setting up of corporate headquarters [1] - This economy is characterized by three main aspects: first appearance, chain development, and trend-setting, which can lead to consumer trend leadership, stimulate consumption potential, enhance brand image, and promote industrial upgrades [1] Group 2: Industry Focus - New business models and services within the first-release economy are primarily concentrated in the media industry, including sectors such as the "millet economy," trendy toys, gaming, and film exhibition [1] - The opening of initial stores is mainly focused on the commercial retail industry [1]