依托"国际IP＋时尚经济"双轮驱动，湖滨步行街不断夯实"时尚首位度"。今年哈利·波特"重返霍格 沃茨"中国官方庆典、宝可梦主题巡游等高人气IP活动接连落地，持续点燃街区潮流热度，有效释放消 费潜力。 文化始终是湖滨步行街的深层底色。此次"亲密的奥黛丽・赫本"杭州特展，在1500平方米空间内汇 集1200件珍贵展品，透过影像、服饰与藏品，将生动再现赫本的优雅风范。上城区文商旅集团相关负责 人表示，未来湖滨步行街将继续围绕"美学+科技+文艺+消费"核心路径，深化"黑科技首发街区"定位， 推进国际IP合作常态化，完善"首发经济"生态，为杭州建设国际消费中心城市贡献更多力量。 当复古的百老汇旋律悠然回响在西子湖畔，一位身着奥黛丽·赫本经典小黑裙的舞者优雅入场…… 10月28日，湖滨步行街上一场以"韶光漫游"为主题的多维盛宴拉开帷幕。这场系列活动融合美学、科 技、文艺与消费，不仅串联起第五届杭州湖滨国际美妆节、URDUX迪士尼限时快闪等时尚消费内容， 更携手"亲密的奥黛丽·赫本"杭州特展，全方位呈现"未来街区"的模样。 自2019年9月开街以来，湖滨步行街历经六年精耕细作，不断升级——IP快闪纷至沓来、景观艺术 持续焕 ...

Core Insights - Changsha's retail sales of consumer goods reached 417.295 billion yuan in the first three quarters of 2025, growing by 5.5%, matching the provincial growth rate and exceeding the national average [2] - The city has shown resilience and vitality in its business and open economy amidst complex domestic and international environments [2] Consumer Market - The recent Hunan home appliance warehouse direct sales event attracted over 669 million participants, driving sales of 38.8 billion yuan in categories like automobiles and home appliances through the "old for new" policy [3] - The "首发长沙" consumption season during the National Day and Mid-Autumn Festival featured over 280 promotional activities and 50 million yuan in consumer vouchers, effectively releasing market consumption potential [4][5] Investment and Project Development - In the first three quarters, Changsha introduced 153 major projects with a total investment of 135.93 billion yuan, marking increases of 20.5% and 6.5% year-on-year, respectively [7] - The city has implemented a "one-number project" for investment attraction, enhancing precision in attracting businesses [6] Foreign Investment - Changsha utilized 260 million USD in foreign investment from January to September, a year-on-year increase of 12.4%, with 176 new foreign-invested enterprises established [8] - The return of Hunan merchants saw 197 new registered enterprises, with project funding reaching 73.2 billion yuan [8] Trade and Export - Changsha exported electric vehicles worth 8.06 billion yuan in the first three quarters, a significant increase of 104.7%, accounting for 93.6% of the province's total [9] - The city's total import and export volume reached 211.91 billion yuan, growing by 3.2% year-on-year, and accounting for 53.5% of the province's total [11] Future Outlook - The city aims to activate consumption, expand foreign trade, and attract investments as key strategies for the fourth quarter, contributing to the successful completion of the 14th Five-Year Plan [14]

什么是"首发经济" ？ 它是城市商业活力的"新引擎" 在上海举行的第七届中国国际进口博览会上，众多首发首展的新科技、新成果、新展品亮相。 新华社 资料图片 首发经济成商业竞争新战场 2024年12月，中央经济工作会议提出，2025年要积极发展首发经济。2025年召开的地方两会上，"首发 经济"被写入多地政府工作报告，成为提升消费能级、打造新消费增长点的重要抓手。首发经济看似新 词，其实离我们的生活并不远。无论是网上开售火到"一机难求"的折叠屏手机，还是引发抢购热潮的游 戏《黑神话：悟空》，都属于首发经济的范畴。那么，首发经济究竟是怎么一回事？当下为什么强调发 展首发经济？ "首发经济"，简单来说，就是企业将新产品、新品牌、新业态的首次发布、首次亮相放在某个城市或平 台，由此引发关注、消费和传播，形成从"首秀"到"爆款"的经济链条。它不仅是商业竞争的新战场，更 是城市活力与消费力的体现。首发经济是首店经济的延伸与拓展，涵盖企业发布新产品、新业态、新模 式、新服务、新技术以及开设首店等经济活动。 商家在第七届中国国际进口博览会上推出全球首发朱鹮主题 水晶系列产品。 新华社资料图片 北京三里屯太古里。图据北京发布 ...

Core Insights - The number of visa-free foreign visitors in the first three quarters reached 20.89 million, a year-on-year increase of over 50%, indicating a faster-than-expected recovery in travel and consumption [1][3] - The sales volume of tax refunds doubled, reflecting not only an increase in visitor numbers but also a rise in both single purchase amounts and frequency of purchases, showcasing a recovery in both quality and quantity of consumption [3][5] Group 1: Visitor Trends - The increase in visa-free visitors suggests a structural change, with a diversification in visitor nationalities and a stratification in consumption preferences, necessitating faster adaptation by businesses to different market tastes and payment habits [7] - The trend of tourists bringing empty suitcases to China indicates a strong demand expectation, as visitors are willing to stock up on Chinese goods, which reflects the attractiveness of Chinese consumer products [3][5] Group 2: Economic Activities and Events - Events like the China International Import Expo (CIIE) can transform exhibits into commodities, but this requires support from buyers, supply chains, promotional strategies, and policy backing [5][7] - Local initiatives such as consumption festivals in Shanghai and Guangxi's ASEAN Fair are crucial for effectively connecting international goods with local distribution, which will determine their success [3][5] Group 3: Long-term Outlook - The transition from one-time traffic to stable demand is essential for sustainable economic growth, and while current data shows positive trends, it should not be prematurely interpreted as a complete recovery [7][8] - The long-term challenge lies in replicating successful national-level events like the CIIE into local practices to ensure ongoing consumer engagement and market growth [7]

中经记者 钟楚涵 孙吉正 上海报道 10月28日，东方美谷·自然堂未来美妆城在上海奉贤正式首发。活动现场，未来美妆城、化妆品科学与 艺术展厅、工厂店以及自然堂新品同步首发。 上海市奉贤区委副书记、区长王益群在致辞中表示："当前，奉贤正深入贯彻落实中央关于'积极推进首 发经济''大力提振消费'的重要精神，全力服务上海国际消费中心城市建设。东方美谷·自然堂未来美妆 城不仅是我区工业旅游发展的标志性成果，更是'首发经济+文旅商体展'深度融合的生动实践。作为全 国唯一的'中国化妆品产业之都'，东方美谷已集聚了自然堂及其他一批国内外知名企业，形成了完整的 美丽健康产业链。 未来，奉贤将以打造'东方美谷'美丽大健康产业集聚区为抓手，全力打造企业创新发 展的'首选地'、功能集聚的'核心区'、能级提升的'新高地'。 " 自然堂方面表示，东方美谷·自然堂未来美妆城的成功首发，是上海市加快发展新质生产力、深化"五个 中心"建设在美丽健康产业的具体实践。通过"首发经济+文旅商体展"的深度融合，将产业优势转化为消 费动能与品牌优势，持续为东方美谷、奉贤区和上海"首发经济"与高质量发展做贡献。 （编辑：于海霞 审核：孙吉正 校对：翟军 ...

Core Insights - Zhejiang province is experiencing a consumption boom driven by new consumption trends such as "technology + cultural tourism" and "national tide" [1][4] - In the first three quarters of this year, the total retail sales of social consumer goods in Zhejiang reached 28,408 billion yuan, reflecting a year-on-year growth of 5.2% [1][8] Group 1: New Consumption Trends - The "first launch economy" is a key strategy for revitalizing commercial vitality, focusing on introducing first stores and hosting first exhibitions to enhance consumer experiences [1][4] - The X-SPACE Fujifilm Imaging Space in Hangzhou has become a popular destination, attracting over 5,000 visitors on its opening day, showcasing a blend of product experience and artistic interaction [3][4] Group 2: Diverse Consumption Upgrades - The "Wenshan Digital Life Block" has transformed from a traditional computer street into a digital lifestyle hub, featuring over 300 tech products that appeal to young consumers [5][7] - Smart consumption is on the rise, with retail sales of wearable smart devices and smartphones increasing by 105.6% and 62.6% respectively in the first three quarters [7][8] Group 3: Policy Support and Market Activation - Zhejiang's consumption market is bolstered by a combination of policy initiatives and promotional activities, with nearly 2,500 events held to stimulate consumer spending [8][10] - The province has allocated 278 billion yuan for trade-in subsidies and issued approximately 3 billion yuan in consumption vouchers, significantly boosting retail sales in various categories [8][10] Group 4: Future Consumption Landscape - The "2025 Golden Autumn Shopping Festival" aims to enhance consumer experiences and promote new consumption models, with nearly 500 events planned to engage consumers [10] - The focus on quality upgrades in consumption is expected to be a dominant theme in the upcoming "15th Five-Year Plan" period, driven by both policy and market forces [8][10]

Core Insights - Changsha's retail sales growth in the first three quarters of 2025 matches the provincial rate and exceeds the national average, showcasing resilience and vitality in a complex economic environment [1] - The city has seen significant investment in major projects, with a record high in investment scale for the same period [1] Consumer Market Boost - The recent Hunan home appliance warehouse direct sales event attracted a large number of consumers, achieving over 50 million yuan in sales on the first day [2] - Over 6.69 million people participated in the "old for new" policy, driving sales in various categories to reach 38.8 billion yuan [4] - During the National Day and Mid-Autumn Festival, Changsha organized over 280 promotional activities and distributed 50 million yuan in consumer vouchers, effectively releasing market potential [4] - From January to September, retail sales in Changsha grew by 5.5%, surpassing the national growth rate by 1 percentage point [4] Investment Attraction - In the first three quarters, Changsha introduced 153 major projects with a total investment of 135.93 billion yuan, marking a 20.5% increase from the previous year [5] - The city has seen a 12.4% year-on-year increase in actual foreign investment, totaling 260 million USD [6] - The introduction of 31 projects from the "three categories of 500 strong" companies indicates a strong investment climate [5] Foreign Trade Performance - Changsha exported electric vehicles worth 8.06 billion yuan, a 104.7% increase, accounting for 93.6% of the province's total [6] - The city's total import and export volume reached 211.91 billion yuan, with a year-on-year growth of 3.2%, representing 53.5% of the provincial total [8] - Trade with Africa has become a highlight, with imports and exports reaching 23.91 billion yuan, a 56.7% increase [8]

Core Viewpoint - Daxuecheng's stock price has shown fluctuations with a recent increase of 3.76%, while the company has experienced a year-to-date stock price increase of 8.88% despite a recent decline over the past five trading days [1] Group 1: Stock Performance - As of October 29, Daxuecheng's stock price reached 3.31 CNY per share, with a total market capitalization of 14.188 billion CNY [1] - The stock has seen a 3.22% decline over the last five trading days, a 5.08% increase over the last 20 days, and a 4.75% increase over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Daxuecheng reported a revenue of 15.231 billion CNY, a year-on-year decrease of 5.29%, while the net profit attributable to shareholders was 109 million CNY, reflecting a significant year-on-year increase of 129.87% [2] Group 3: Shareholder Information - As of June 30, 2025, the number of Daxuecheng shareholders was 96,600, a decrease of 2.60% from the previous period, with an average of 41,454 circulating shares per shareholder, an increase of 2.67% [2] - The company has cumulatively distributed 2.054 billion CNY in dividends since its A-share listing, with no dividends distributed in the past three years [3] Group 4: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 24.5973 million shares, a decrease of 2.9276 million shares from the previous period [3] - The Southern CSI Real Estate ETF Linked A (004642) was the sixth-largest circulating shareholder, holding 16.4102 million shares, an increase of 333,400 shares from the previous period [3]

Core Insights - Shanghai's commercial entities are attracting foot traffic through unique activities and positioning, with Shanghai Hongqiao Hang Lung Plaza achieving significant sales growth during its anniversary celebration [1][4] - The introduction of the world-class Irish dance show "Riverdance" as an exclusive pre-show for its 30th anniversary China tour exemplifies the mall's innovative approach to creating unique experiences [4] - The mall emphasizes customer experience and resonance with inspiration, focusing on the alignment of brand quality and innovation with the mall's overall positioning and customer expectations [4][5] Sales Performance - Participating tenants in the anniversary celebration saw sales increase by nearly 40% compared to the same period last year [1] Event Strategy - A diverse range of activities, including performances, avant-garde theater, and youth DJ parties, were organized to engage different customer segments and maintain ongoing discussions during the event [4] - Exclusive product launches from luxury brands such as Cartier, Qilin, and Bulgari were featured, attracting significant consumer attention [4] Brand Ecosystem - The mall aims to balance international luxury brands with emerging local brands, creating a dynamic and vibrant brand ecosystem [4] - International luxury brands are seen as foundational, defining the quality and height of the shopping environment, while local brands inject freshness and appeal to younger, trendier customers [4] Future Brand Exploration - The mall is committed to exploring and discovering local emerging brands that align with future lifestyle trends and possess unique potential [5]

Core Viewpoint - The stock price of Laofengxiang has shown fluctuations, with a recent increase of 2.02% on October 29, 2023, while the year-to-date performance reflects a decline of 5.06% [1][2]. Group 1: Stock Performance - As of October 29, 2023, Laofengxiang's stock price reached 49.58 CNY per share, with a trading volume of 86.59 million CNY and a turnover rate of 0.56%, resulting in a total market capitalization of 25.936 billion CNY [1]. - The stock has experienced a 1.43% increase over the last five trading days, a 4.47% decline over the last 20 days, and a 4.47% increase over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Laofengxiang reported a revenue of 33.356 billion CNY, representing a year-on-year decrease of 16.52%, while the net profit attributable to shareholders was 1.22 billion CNY, down 13.07% year-on-year [2]. - Cumulatively, Laofengxiang has distributed 8.606 billion CNY in dividends since its A-share listing, with 2.856 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Laofengxiang increased by 15.31% to 48,700, with an average of 0 circulating shares per shareholder [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.2755 million shares, a decrease of 971,900 shares compared to the previous period [3].