Core Viewpoint - Consumption is emphasized as the main engine for economic growth and a direct reflection of people's quality of life, with a strong call to boost consumption through financial services supporting the real economy [1] Group 1: Financial Services for Trade and Consumption - Shenzhen Construction Bank (CCB) is actively responding to national calls to stabilize foreign trade and promote consumption by enhancing financial services for enterprises and citizens [3] - The bank has provided international settlement services amounting to $106 billion from January to October 2025, marking a 16% year-on-year increase, and trade financing support of 34.3 billion yuan, a significant 44% increase [4] - CCB has introduced innovative payment tools like "Cross-border Easy Payment" to enhance cross-border payment experiences, reducing average remittance time to real-time in 14 countries and regions [5] Group 2: Support for Emerging Business Models - The bank has strengthened financial support for emerging business models such as cross-border e-commerce, with service scale exceeding 4.2 billion yuan, a sixfold increase year-on-year [6] - CCB has promoted cross-border supply chain financing, with over 5.7 billion yuan disbursed, a 171% increase, and has upgraded its "Cross-border Quick Loan" products to provide low-cost financing for small and micro foreign trade enterprises [6] Group 3: Consumer Financial Services - CCB has launched various financial initiatives to enhance consumer welfare, focusing on upgrading consumption and quality of life for citizens [7] - The bank has provided over 5 billion yuan in credit card installment services for consumers, with nearly 2 billion yuan specifically for new energy vehicles, leading in market coverage and customer numbers [7] - CCB has reduced average consumer loan interest rates by over 30 basis points and served over 400,000 consumer loan clients, providing support exceeding 30 billion yuan, a 21% year-on-year increase [8] Group 4: Building New Consumption Ecosystems - CCB is constructing a comprehensive financial service ecosystem for the new energy vehicle sector, collaborating with leading brands to streamline the financing process for consumers [9] - The bank has engaged in deep cooperation with major consumption scene operators, enhancing consumer engagement through joint marketing activities, attracting over 250,000 participants and significantly increasing transaction volumes [10] - CCB aims to continuously optimize financial supply and deepen service innovation to support foreign trade enterprises and enhance citizens' quality of life [10]

12月8日，记者在江苏省商务厅举行的"苏品e齐购 潮聚双十二"线上促消费活动新闻发布会上获悉，线下方面，江苏全省商务系统也将聚焦"双12"、元旦等 消费节点，以"苏新消费"品牌为引领，以"苏品苏货"为核心载体，在"苏新消费·暖冬购物季"总体框架下，从12月5日至20日，联动全省重点商圈、企业开 展主题市集、展销对接与体验活动等"双12"购物嘉年华活动，持续激活消费市场活力。 二是开展"双12苏品超享购"活动。联合江苏银联组织各大银行和重点企业，"双12"期间投入补贴资金1.5亿元，通过消费立减、分期贴息、利率优惠等方 式开展消费促进活动。聚焦苏品苏货、智能制造、特色消费，重点面向年轻消费群体，覆盖机器人、投影仪、咖啡机、新消费潮玩等江苏优势产品，更好 满足消费者多元化需求，推动江苏制造与江苏消费深度融合。 三是开展家电"亿元让利"专项活动。组织省家用电器协会联合重点家电品牌，发放"暖购消费券""暖购补贴券"，在全省13个设区市同步开展"亿元让利"促 销活动。支持金融机构叠加推出分期免息、以旧换新补贴等优惠活动。联动省财政厅、省福彩中心和省体彩中心，投入800万元持续开展"苏新消费·苏彩 焕新"彩票助力消费品以 ...

金融补:联合建行开展专项补贴活动，购物满200元随机至高立减30元，免去消费者的后顾之忧，大胆"剁手"，体验苏品魅力。 活动期间，苏宁易购推出"苏品苏货超级补"专项活动，具体包括： 超值补:超级爆款一口价，家电在原价基础上补贴15%—20%，食品百货至高补贴30%，减轻消费者负担，助力苏品苏货走进千家 万户。 满立减:家电、家居、酒水等商品在原有活动基础上，再享立减福利，降低消费门槛，激发深层次的消费需求。 12月5日，2025"苏新消费.暖冬购物季"正式启幕，本次购物季将持续至2026年3月。重点围绕十三地市"苏品苏货"，结合"双 12"、"冬至"、"元旦"、"春节"、"元宵节"等重大节庆假期，全面开展各领域促消费活动，平台、企业、商家携手助力，持续释放 消费活力。 苏宁易购作为从江苏发展起步、业务覆盖全国的零售服务平台，将推出千万补贴，集合百大品牌、百余款新品首发，助力苏品苏 货"出圈"，让消费者实现"苏品苏货"品质购、省心购。 针对江苏消费者，苏宁易购联合科沃斯（603486）、添可、莱克、小天鹅等众多江苏品牌，在购物节期间推出多款新品，满足消 费者家电品质迭代更新需求。同时，针对有旧家电换新需求消费者 ...

12月6日上午，2025南通"暖冬消费季"暨第五届"双12"购物季正式拉开帷幕。本届消费季围绕"周周嘉年华""江海惠新春""沪通享美味"三大主题，全面覆盖 商业、文化、旅游、体育等多个领域，活动贯穿"双12"、元旦、春节等重要节点，旨在持续擦亮"南通好玩"城市名片，打响"江海有情 南通有请"文旅品 牌，进一步激发冬季消费市场活力。 本届消费季还加强与各大平台的合作，推动数字化消费赋能。围绕"双12"节点，活动联合抖音、支付宝、滴滴、美团、淘宝、京东等各大平台，推出了覆 盖线上线下购物、餐饮、出行、居家等全场景的专项补贴与优惠礼包。其中，美团发放千万元线上消费补贴，滴滴提供打车优惠，京东开设南通家纺专属 满减专区，助力市民乐享实惠消费。 启动仪式现场同步举行了南通好品"上平台、上商超、上连锁"签约仪式，为本地优质产品搭建起通向更广阔市场的桥梁。现场共有120余家南通优质消费 品企业与全国60多家电商平台、大型商超及连锁零售渠道商开展业务洽谈，推动更多"南通制造"特色产品走向全国。 南通市商务局相关负责人表示，此次暖冬消费季将通过"活动引领、平台助力、渠道协同"相结合的方式，构建线上线下联动、跨区域的促消费体系， ...

Core Insights - The event "China Economic 2025 Conference" was held on December 7 in Beijing, focusing on "Finding a Breakthrough Path for China's Economy" [1][4] - Li Xunlei, Chief Economist of Zhongtai International, emphasized that China's top-level design has effectively seized global opportunities, including AI, "Internet Plus," new energy, and new energy vehicles, showcasing the importance of the country's system in achieving stable growth [1][4] Economic Conditions - Li Xunlei noted a significant disparity between perceived and actual economic conditions, attributing this to overlapping real estate cycles and structural issues, which are not unique to China but are global challenges [3][6] - He acknowledged the central economic work meeting's proposed solutions but stressed the importance of implementation, highlighting the long-standing nature of structural issues since 2011 [3][6] Future Outlook - The direction for the future should focus on technology as a leading force to promote high-tech growth, alongside efforts to adjust structures and enhance reforms [3][6] - Li Xunlei expressed confidence in 2026, the first year of the 14th Five-Year Plan, suggesting that it will be crucial for setting a positive tone and expectations, with anticipated policies to stimulate consumption [3][6]

消费市场潜力巨大，"主引擎"作用愈加凸显。中国拥有14亿多人口、4亿多中等收入群体，有全球最有 增长潜力的消费市场。2013—2024年，内需对经济增长平均贡献率达到93.1%。今年前三季度，最终消 费支出对经济增长贡献率保持在50%以上。当前，数字消费、绿色消费、健康消费持续发展，新的消费 增长点正在加快形成。综合而言，作为世界第二大经济体，超大规模市场已经成为了中国的突出优势。 相信随着消费潜力持续释放，其对经济增长的"主引擎"作用也将愈加凸显。 消费兴则经济兴，消费活则经济活。消费是拉动经济增长的"主引擎"，也已经成为了畅通国内大循环的 关键环节。近日，经国务院同意，工业和信息化部会同五部门联合印发《关于增强消费品供需适配性进 一步促进消费的实施方案》。2026年是"十五五"开局之年，预计中央经济工作会议也将重点部署扩大内 需和稳定消费。可以肯定，伴随着扩内需、促消费政策发力显效，消费市场平稳增长，消费新动能持续 壮大，消费潜力持续释放，中国经济必将在厚植优势、积蓄力量中打开新局面。（甄宏） 基本盘稳固，消费市场"热辣滚烫"。2024年12月召开的中央经济工作会议明确提出，大力提振消费、提 高投资效益， ...

Market Overview - Global financial markets experienced a broad increase this week, driven by easing expectations and improved risk appetite [1] - The A-share market showed a structural upward trend, with growth style leading significantly [1] - Major indices in the US, including the Nasdaq, rose collectively, with the Nasdaq index leading with a 0.91% increase [1] - The Nikkei 225 index in Japan rose by 0.47%, while the Hang Seng Index and Hang Seng Tech Index in Hong Kong increased by 0.87% and 1.13%, respectively, indicating a strong inflow of capital into core assets [1] A-share Market Performance - The A-share market exhibited a mixed pattern of upward movement and structural differentiation, with all major indices closing higher [1] - As of December 5, the ChiNext Index led with a weekly increase of 1.86%, while the Shenzhen Component Index, Wind All A, and Shanghai Composite Index rose by 1.26%, 0.72%, and 0.37%, respectively [1] - Market sentiment saw a significant turnaround on Friday, with over 4,300 stocks rising and trading volume increasing to 1.74 trillion yuan, marking a recent high [1] - The non-bank financial and non-ferrous metal sectors showed strong performance, helping the Shanghai Composite Index return above 3,900 points [1] Sector Performance - The performance of industry sectors showed a stark contrast, with upstream resources and high-end manufacturing leading the gains [2] - The non-ferrous metals sector surged by 5.35%, while the communication, defense, and machinery equipment sectors also performed well [2] - The non-bank financial sector experienced a significant single-day increase of 3.5%, driven by regulatory changes that lowered investment risk factors for insurance funds [2] - Conversely, some consumer and technology application sectors faced pressure, with the media industry dropping by 3.86% and real estate and beauty care sectors also declining [2] Market Drivers - The logic driving this week's market evolution is clear: policy expectations provide core support, with anticipation for the upcoming Central Economic Work Conference focused on "stabilizing growth" [2] - Industrial and event catalysts, such as the surge in global copper prices, reinforced the logic for resource stocks, while new regulations benefiting the financial sector were also significant [2] - Market sentiment improved significantly on Friday, with major funds reversing four consecutive days of net outflows to net inflows [2] Future Outlook - The market is entering an important policy observation period, with key focus on domestic and international policy signals [3] - The Federal Reserve's meeting on December 10 is expected to influence global liquidity expectations, while the Central Economic Work Conference will set the tone for next year's economic policies [3] - Sectors such as non-ferrous metals, non-bank financials, and communication and military industries, which benefit from policies and prices, remain worthy of attention [3] - The Shanghai Composite Index may face technical pressure above 3,900 points, requiring sustained trading volume to solidify the breakout [3]

南京"双十二" 近百场活动点燃消费热潮 "双十二"即将拉开序幕，南京市商务局积极组织南京本地企业、各大电商平台联袂启动"双十二"大促，通过政府补贴、平台优惠、商家让利等多重手段， 开展线上线下联动促销，为大家带来更多实惠的选择，点燃冬季消费热潮。 家电焕新正当时 政企联动补贴旺 重点电商平台企业通过多重让利、专场折扣等形式，进一步激活家电和3C消费市场。 苏宁易购从12月6日至12月12日期间举办"1212好价节"活动，聚焦冬季刚需与生活品质提升，重点主推洗烘套装、烘干机、取暖设备等，同时门店还上新 多款热门3C产品。 活动期间每一位用户可领取1080元大额券包，可用于购买家电、家居商品。 南京合斯满网络科技有限公司独家承接 A.O.史密斯品牌线上渠道运营业务，覆盖京东、天猫、易购、国美在线、唯品会、云集等核心平台，重磅推出国 补级优惠价格，同步搭配大额实用赠品与专属权益，针对燃气核心产品，更额外赠送全额安装材料费，切实为消费者减负，带来高性价比购物体验。 品质好物放心购 电商专享实惠多 "双十二"期间，南京市电商品牌企业主动让利，推出特色活动，全面提升购物体验与性价比，满足消费者多元化、品质化需求。 视客眼 ...

泰国从3日起暂时解除已经实行53年的午后禁售酒令，以期吸引更多消费，促进当地商业发展。 不过，有人担心延长饮酒时间会引发更多酒驾事件。 分析称，尽管泰国对酒类销售有着严格规定，但世界卫生组织数据显示，泰国的酒精消费率在亚洲位居前列，与之相关的交通事故频发。泰国公 共卫生部数据显示，2019年至2023年间，泰国近3.3万人死于酒驾事故。 △资料图 泰国公共卫生部长巴达那·蓬帕说，这一举措"适合当前情况"。 据悉，泰国自1972年起，禁止上午11时前以及14时至17时之间零售酒精类饮品。但旅游业和酒店服务业认为该规定影响了泰国的旅游竞争力，近 几年来要求解除这一禁令的呼声日益高涨。按照最新规定，消费者从11时至24时都可以购买含酒精饮品，凌晨1时前都可以饮酒。新规有效期为 180天，将视交通事故数量、因醉酒就医情况、酒类综合销售情况等因素，确定是否延期这项规定。 ...

今天下午，商务部召开例行新闻发布会。 前十个月中法贸易额达688亿美元 何亚东表示，中法各领域经贸合作取得丰硕的成果，中方将持续推动中法务实合作走深走实。 何亚东介绍，在两国元首战略引领下，中法各领域经贸合作取得丰硕成果，充分发挥了中法关系"压舱 石"和"推进器"的作用。双边贸易扩量提质，今年1—10月，中法贸易额达688亿美元，同比增长4.1%； 双向投资稳中有升，投资总额已超过270亿美元。 何亚东表示，中国商务部和法国经济、财政和工业、能源与数字主权部签署了《关于加强中法两国双向 投资的谅解备忘录》。双方将支持和鼓励两国企业加大双向投资，为对方企业提供公平、公正、非歧 视、可预期的营商环境。 何亚东表示，下一步，我们将与法方共同落实好两国元首达成的重要经贸共识，持续推动中法务实合作 走深走实。 多措并举惠民生促消费 商务部新闻发言人何亚东就多个热点问题进行回应，就中方是否会采取必要措施反制日本，何亚东表 示，如果日方一意孤行，中方将采取必要措施，一切后果由日方承担。具体可戳：商务部：如果日方一 意孤行中方将采取必要措施 中国政府依法依规开展稀土相关物项出口管制 何亚东表示，中国政府依法依规开展稀土相关物 ...