春节假期全面铺开促消费活动，“短期激活”与“长期培育”双重逻辑推动消费市场持续扩容升级

Group 1 - The "2026 'Buy New Year' Special Activity Plan" aims to stimulate consumption during the Spring Festival, focusing on both short-term activation and long-term cultivation of consumer demand [1] - The plan targets six major livelihood areas: food, accommodation, transportation, tourism, shopping, and entertainment, to create a rich and convenient consumption environment [1] - The initiative emphasizes emerging sectors such as the digital economy, green consumption, smart consumption, health consumption, and inbound consumption, indicating a shift from scale expansion to quality improvement in the Chinese consumer market [1] Group 2 - The Food and Beverage ETF (515170) tracks the CSI segmented food index, with leading liquor stocks accounting for over 60% of its weight, including a 17% holding in Kweichow Moutai (600519) [2] - The Consumption ETF (510630) tracks the main consumption industry index, covering various sub-sectors such as liquor, dairy, condiments, soft drinks, and beer [2] - The Hong Kong Stock Consumption ETF (513230) tracks the CSI Hong Kong Stock Connect consumption theme index, encompassing nearly all areas of Hong Kong's consumer sector [2] - The Tourism ETF (562510) tracks the CSI segmented tourism index, focusing on service consumption and covering sectors like duty-free, airlines, and hotel dining [2]