评十四届全国人大四次会议经济主题记者会：政策加码、资本赋能，新消费与服务消费迎双重利好

Investment Rating - The industry investment rating is "Increase Holding," indicating a potential growth of over 15% relative to the CSI 300 index [9]. Core Insights - The report highlights a dual benefit for the consumption industry due to policy reinforcement and capital empowerment, marking a golden window for investment opportunities in new consumption and service consumption [2][4]. - The recent press conference from the National People's Congress emphasized expanding domestic demand, boosting consumption, and deepening capital market reforms, which are expected to activate both internal and external demand markets [4]. Summary by Sections - Policy Signals: The report notes that the press conference released clear policy signals aimed at stimulating consumption through a combination of consumption policies and capital market reforms, particularly focusing on new consumption and modern service industries [4]. - Entrepreneurial Board Reforms: The reforms in the entrepreneurial board are expected to reshape the supply structure of the consumption sector, accelerating the capitalization of light-asset, high-growth new consumption enterprises [4]. - "Buy in China" Initiative: The "Buy in China" policy aims to enhance brand leadership and scenario creation, which, combined with inbound consumption support policies, is expected to improve the internationalization of China's consumption market and attract more foreign consumers [4].