2026.02.13 文字数：1135，阅读时长大约2分钟 此外，据酒店了解的情况，腾冲本地小型酒店及客栈类的预订早在1月中旬就已预订完毕，大部分酒店 及客栈的在手预订量已超过去年同期的消费。 对于今年春节当地旅游业大爆发，曾明辉认为主要受三方面因素的影响：一是云南在春节期间长期受到 全国各地游客欢迎，云南的各个小城市、小县城的春节味更浓，腾冲也在此之列；二是当地气候条件宜 人，春节处于一年中最冷的时候，当地气温也不会低于0度；三是腾冲的非遗及文化氛围很浓，本地宣 纸、藤编、皮影以及翡翠都是城市文化名片上浓重地渲染。 小城的年味在于当地的各类传统活动。例如，游客可以去普洱景迈山徒步古茶林、在陵水跟着渔民赶海 拉地笼、去开封感受宋制复原妆造、去黄山看板凳龙、去潮州拍英歌舞妆造、去迪庆过藏历新年，更多 小众、地道的在地体验，吸引城市游客"去小城过大年"。 传统文化吸引游客探索新的目的地。美团旅行数据显示，截至2月上旬，河南春节文旅预订增速达 33%。八朝古都开封正持续擦亮"宋文化"IP。数据显示，春节前夕，开封"宋制汉服妆造"热度同比上涨 本 作者 | 第一财经 陆涵之 今年春节，消费者出游有了新的趋势：城市游客 ...

Core Viewpoint - The article discusses recent regulatory actions taken against six travel platform companies in China, focusing on their compliance with financial practices and consumer protection standards [2]. Group 1: Regulatory Actions - The Financial Regulatory Bureau, in conjunction with the Market Regulatory Bureau and the People's Bank of China, held discussions with six travel platforms, including Ctrip, Gaode Map, and Qunar, regarding issues in their lending practices with financial institutions [2]. - The platforms were instructed to standardize their marketing behaviors, avoid misleading promotional language, and clearly disclose loan institution names and credit product information [2]. - Companies are required to enhance customer complaint channels, respond promptly to consumer disputes, and improve service quality to protect consumer rights [2]. Group 2: Compliance Requirements - The Beijing Market Supervision Administration organized a meeting with 12 major platforms involved in online train ticket sales, emphasizing compliance with operational requirements [5]. - Key compliance requirements include prohibiting misleading claims about paid services providing priority ticket purchasing privileges and rectifying misleading promotions related to ticket availability [7]. - Platforms must ensure clear pricing, prominently display additional service costs, and rectify discrepancies between displayed ticket prices and actual payment amounts to safeguard consumer rights [7]. Group 3: Specific Issues Addressed - The meeting highlighted issues with Gaode Dache, including inadequate management of partner ride-hailing platforms, price suppression, and improper emergency response [6]. - Gaode Dache was instructed to strengthen supervision of partner platforms, ensure stable operational strategies, and monitor price fluctuations [6]. - The company must also enhance driver rights protection, improve safety management, and provide better working conditions for drivers, especially during peak travel seasons [6].

2026.02. 13 本文字数：1135，阅读时长大约2分钟 作者 | 第一财经 陆涵之 今年春节，消费者出游有了新的趋势：城市游客去秘境小城、少数民族聚居区寻找传统年味。 美团旅行数据显示，云南普洱、海南陵水黎族自治县、河南开封、江西景德镇、安徽黄山、云南德宏 傣族景颇族自治州、广西崇左、广东潮州等城市，成为春节一线城市游客"反向过年"黑马酒店预订 目的地。 以云南为例，旅游业从早期的"昆大丽"，转为深度、秘境、探索之旅，更多五线以下小城涌现，其 在地文化的差异性冲击力成为吸引游客的网红名片。 云南腾冲世纪金源酒店总经理助理曾明辉对第一财经记者表示，今年春节的预订量从1月初就开始爆 发。从订单情况看，春节期间以家庭出游为主，年龄在30岁至45岁的顾客居多，酒店的顾客很多是 来自北京、东北、上海的异地长途游客等。 此外，据酒店了解的情况，腾冲本地小型酒店及客栈类的预订早在1月中旬就已预订完毕，大部分酒 店及客栈的在手预订量已超过去年同期的消费。 对于今年春节当地旅游业大爆发，曾明辉认为主要受三方面因素的影响：一是云南在春节期间长期受 到全国各地游客欢迎，云南的各个小城市、小县城的春节味更浓，腾冲也在此之列； ...

Group 1 - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) ranked as the top three companies in terms of trading volume on the Hong Kong Stock Connect (southbound) on February 13, 2026, with transaction amounts of 4.301 billion, 3.680 billion, and 3.169 billion respectively [1] - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) also led the trading volume on the Shenzhen-Hong Kong Stock Connect (southbound) with transaction amounts of 3.563 billion, 2.870 billion, and 1.460 billion respectively [1] Group 2 - The top ten active companies on the Hong Kong Stock Connect (southbound) included Tencent Holdings (00700) with a net buy of 1.426 billion, Alibaba-W (09988) with a net buy of 1.143 billion, and Meituan-W (03690) with a net sell of 0.368 billion [2] - On the Shenzhen-Hong Kong Stock Connect (southbound), Tencent Holdings (00700) had a net buy of 0.837 billion, Alibaba-W (09988) had a net buy of 1.156 billion, and Meituan-W (03690) had a net buy of 0.611 billion [2]

Market Overview - The Hang Seng Index closed at 27,032, down 0.86% for the day and up 5.47% year-to-date [1] - The Hang Seng Tech Index fell 1.65% to 5,408, with notable declines in major tech stocks [5] - The A-share market saw the Shanghai Composite Index close at 4,134, up 0.05%, while the Shenzhen Component Index rose 0.86% to 14,283 [5] Currency Performance - The Renminbi Index stood at 98.340, increasing by 0.36% over the past month and 1.44% over six months [2] - The US Dollar Index decreased by 2.10% in the last month and 1.34% over six months [2] Commodity Prices - Brent crude oil rose by 10.06% over the past month, reaching $69.570 per barrel [3] - Gold prices increased by 10.36% in the last month, currently priced at $5,073.21 per ounce [3] Company News - Grab reported its first annual profit of $268 million, a significant turnaround from a loss of $105 million the previous year, with Q4 profit soaring 533% year-on-year [13] - SoftBank's investment in OpenAI has yielded substantial returns, with an estimated investment gain of $19.8 billion, contributing to a return to profitability for the company [14][15] - MINIMAX launched its new programming model, MiniMax M2.5, which is designed for high-performance coding and competes with top international models [16] Stock Performance - Zijin Mining rose by 3.45% to HKD 45.02, making it the best-performing blue-chip stock [19] - Budweiser Asia saw a decline of 5.21% to HKD 7.83, marking it as one of the worst performers [19] IPO Information - Recent IPOs include Xian Dao Intelligent, which debuted at HKD 43.80, and Aixin Yuan Zhi, which started at HKD 24.12, both showing varied performance in their initial trading days [26] Economic Indicators - Hong Kong's overall export volume increased by 21.6% year-on-year in December, with significant growth in exports to Taiwan and the US [10][11]

2月5日，美团在港交所发布公告，宣布以约7.17亿美元（约49.8亿元人民币）的初始对价，完成对叮咚 买菜中国业务100%股权的收购。 外卖竞争方面，淘宝闪购在2月通过千问App向用户发放免单卡，奶茶店出现爆单。 此外，外卖行业近期面临着监管端的挑战，平台间竞争再次受到关注。节前，蚌埠、德阳、金华等地的 市场监督管理局发布了春节外卖市场经营秩序告诫书，要求平台平衡消费者、商户、配送员及平台自身 等多方利益关系，保障各方合法权益。 2026.02.13 本文字数：1245，阅读时长大约2分钟 作者 | 第一财经 陆涵之 2月13日，美团股价持续下跌，盘中跌幅超过4.5%，市值一度跌破5000亿港元。截至2月13日收盘，美 团股价为82.5港元。自1月以来，美团股价持续下滑，目前股价较1月13日106.5港元的高点跌了22.5%。 博通咨询金融行业资深分析师王蓬博对第一财经记者表示，美团股价1月以来出现调整，主要受行业竞 争、收购整合以及盈利预期这三方面因素影响，其中阶段性的竞争压力和市场情绪影响相对更大。 尤其是行业内竞争有所加剧，补贴行为使得相关费用有所上升，对短期利润形成一定压制，收购带来的 业务整合也产生 ...

Core Viewpoint - The BoShi Hong Kong Internet ETF (159568) has shown a decline of 0.91% in its closing price on February 13, 2024, with a trading volume of 596.24 million yuan [1] Group 1: Fund Overview - The BoShi Hong Kong Internet ETF was established on February 8, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of February 12, 2024, the fund has a total of 324 million shares and a total size of 536 million yuan [1] - The fund's share count increased by 27.57% and its size increased by 26.44% since December 31, 2025, when it had 254 million shares and a size of 424 million yuan [1] Group 2: Liquidity and Trading Activity - Over the last 20 trading days, the cumulative trading amount for the ETF reached 1.856 billion yuan, with an average daily trading amount of 92.80 million yuan [1] - In the year-to-date, the ETF has recorded a cumulative trading amount of 3.585 billion yuan over 30 trading days, with an average daily trading amount of 120 million yuan [1] Group 3: Fund Management and Holdings - The current fund manager, Li Qingyang, has managed the ETF since its inception, achieving a return of 66.36% during his tenure [2] - Major holdings in the ETF include Tencent Holdings (15.35%), Alibaba-W (14.43%), Xiaomi Group-W (13.96%), and Meituan-W (12.30%), among others [2] - The fund's top holdings account for significant portions of the total portfolio, with Tencent Holdings valued at approximately 65.03 million yuan [2]

小城的年味在于当地的各类传统活动。 对于今年春节当地旅游业大爆发，曾明辉认为主要受三方面因素的影响：一是云南在春节期间长期受到全国各地游客欢迎，云南的各个小城市、小县城的春 节味更浓，腾冲也在此之列；二是当地气候条件宜人，春节处于一年中最冷的时候，当地气温也不会低于0度；三是腾冲的非遗及文化氛围很浓，本地宣 纸、藤编、皮影以及翡翠都是城市文化名片上浓重地渲染。 小城的年味在于当地的各类传统活动。例如，游客可以去普洱景迈山徒步古茶林、在陵水跟着渔民赶海拉地笼、去开封感受宋制复原妆造、去黄山看板凳 龙、去潮州拍英歌舞妆造、去迪庆过藏历新年，更多小众、地道的在地体验，吸引城市游客"去小城过大年"。 传统文化吸引游客探索新的目的地。美团旅行数据显示，截至2月上旬，河南春节文旅预订增速达33%。八朝古都开封正持续擦亮"宋文化"IP。数据显示， 春节前夕，开封"宋制汉服妆造"热度同比上涨159%，开封成为国内"宋制妆造"搜索量Top3目的地，仅次于北京、杭州；此外，开封"宋宴""宋园灌汤小笼 包"热度上涨均超500%。 民宿也成为游客感受在地文化、体验特色"非标"住宿热门选择。美团旅行数据显示，受春节家庭游热潮带动，广东 ...

Core Viewpoint - Meituan's stock price has been declining since January, with a drop of 22.5% from its peak of 106.5 HKD on January 13 to 82.5 HKD on February 13, leading to a market capitalization below 500 billion HKD [3][4]. Group 1: Stock Performance and Market Factors - The decline in Meituan's stock is attributed to intensified industry competition, acquisition integration, and profit expectations, with competitive pressure and market sentiment being significant factors [3][5]. - Meituan announced the acquisition of Dingdong Maicai's China business for approximately 7.17 billion USD (about 49.8 billion RMB) on February 5 [3]. Group 2: Industry Competition and Regulatory Environment - The food delivery sector is facing increased competition, with platforms like Taobao Shanguo offering incentives to users, leading to heightened market activity [4]. - Regulatory scrutiny has intensified, with local market supervision authorities issuing warnings to ensure a balanced approach among consumers, merchants, delivery personnel, and platforms [4][5]. Group 3: Future Outlook and Competitive Position - Analysts suggest that while Meituan's stock may remain volatile in the short term, significant further declines are unlikely, as the competitive landscape is becoming clearer and business integration is progressing [5]. - Meituan is expected to maintain a leading position in the local lifestyle sector due to strong operational barriers, a vast delivery network, and synergies across its various business lines [7]. - The profitability of the food delivery segment is projected to improve by 2026 compared to the losses in the second half of 2025, contingent on rational competition and effective cost management [7].

21世纪经济报道记者周慧 北京、泉州报道 这个春节，前往小城过年成为流行，不少一线城市游客去小城寻找传统年味。 近日，记者前往福建泉州，发现尽管春节假期未到，但泉州西街已经热闹起来了，随处可见穿着传统服饰的籫花游客。一家从厦门搬到泉州西街的姜母鸭店 老板表示，今年春节要继续营业，到时泉州的游客会更多。 泉州是近两年的春节过年旅游热门城市的代表，相对一线城市、省会城市，不仅物价更友好，冬天气候适宜，也有历史文化积淀，还是新晋世界美食之都。 2026年，在反向过年浪潮下，美团旅行数据显示，云南普洱、海南陵水黎族自治县、河南开封、江西景德镇、安徽黄山、云南德宏傣族景颇族自治州、云南 保山、广西崇左、广东潮州、云南迪庆藏族自治州，成为春节一线城市游客"反向过年"黑马酒店预订目的地。 1月底开始涨价 2月11日，北京的白领张菁（化名）开始了去云南西双版纳和普洱的春节行程。这次旅行，张菁是这样思考的：首先考虑的是避寒，其次对户外文化、咖啡 文化比较感兴趣。在这样的情况下，张菁规划了云南南部旅程，行程包括探索景迈山和一些咖啡庄园。 这已是张菁在这个冬天的第二次云南南部之旅，云南小城的气候、文化以及物种多样性，对于在北京长大 ...