2 1 Shi Ji Jing Ji Bao Dao·2025-09-18 06:48Group 1 - The stock indices weakened on September 18, with the Shanghai Composite Index dropping over 1.00%, the Shenzhen Component Index down 0.78%, and the ChiNext Index falling 1.13% [1] - The Tianhong Food and Beverage ETF (159736) saw a decline of 1.08% with a trading volume exceeding 24 million yuan, while it recorded a net subscription of 10 million units during the session [1] - The Tianhong Food and Beverage ETF has attracted a net inflow of over 25.28 million yuan yesterday and a cumulative inflow of 37.23 million yuan over the past five trading days [1] Group 2 - The State Council introduced a set of policies aimed at expanding service consumption, focusing on five areas with 19 specific measures to enhance quality and efficiency in service supply [2] - The Ministry of Culture and Tourism announced the launch of a three-year action plan for cultural and tourism consumption, which includes issuing over 330 million yuan in consumption subsidies during the consumption month [2] Group 3 - The white liquor industry is transitioning from "passive clearing" to "active adjustment," indicating an accelerated bottoming phase due to macroeconomic recovery and inventory cycle adjustments [3] - The industry is currently experiencing multiple bottoms in valuation, institutional positions, and fundamentals, with positive signals emerging from the release of consumption scenarios and demand for banquets [3] - The peak consumption seasons of Mid-Autumn Festival and National Day are expected to accelerate the bottoming process, with a forecast for recovery in financial reports by 2026 [3]