Group 1 - The Chengdu government aims to boost offline consumption and enhance key commercial areas by 2026, introducing over 850 new stores and promoting various innovative consumption models [1][3] - The government report emphasizes the importance of integrating consumption across different sectors, linking dining, accommodation, travel, shopping, and entertainment [1] - Representatives at the meeting highlighted the need to stimulate consumer potential and create a consumption hub, making "consumption" a focal point of discussion [1] Group 2 - Representative Wang Lihong expressed enthusiasm for the government's plans to enhance the international consumption environment and optimize the supply structure, suggesting the creation of a "Chengdu Micro-Vacation" brand [3][7] - Wang proposed leveraging local cultural elements and high-end services to improve the consumer experience, including the promotion of local brands and digital innovation [7] - He also recommended expanding tax refund services for international tourists and enhancing multi-language support in key commercial areas [7] Group 3 - Representative Liu Wenjun focused on expanding domestic demand and suggested developing local sports events like the Chengdu Marathon to drive consumption [8][10] - Liu emphasized the connection between sports events and various industries, advocating for the integration of cultural and tourism elements to enhance consumer engagement [10][11] Group 4 - Representative Luo Le highlighted the potential of the emotional consumption market in Chengdu, noting the city's strong demand for interactive and high-value experiences [12][13] - Luo proposed creating platforms to support new artistic organizations and enhance visibility for creative talents, aiming to invigorate the local cultural scene [13][14] - Plans for events like the Arts Festival and digital art exhibitions were mentioned to attract visitors and promote local creativity [14]

中国国内大市场蕴含的巨大潜能，也让消费板块成为境外投资者关注的焦点，深市消费类上市公司凭借 鲜明的品牌优势和优异的经营业绩，吸引了境外资本的重点关注。 此次路演活动获得了与会境外投资者的高度评价，通过与深市上市公司的深入交流，境外投资者全面了 解了中国企业在业务出海、产业升级、消费升级等领域的最新进展，切身感受到中国企业在全球产业链 重构中展现出的强大活力和创新能力。 参会境外投资者表示，2026年将继续对中国股票市场保持乐观态度，持续改善的基本面及长期增长动力 有望打造一个更可持续的增长周期。一方面，扩大内需成为2026年政策重点，消费行业或将迎来新的增 长，将对中国消费行业的转型和相关重点企业予以关注。另一方面，产业升级带来的增长机遇，未来将 进一步重点关注拥有稳健研发实力的上市公司。 一方面，在全球化格局深刻调整、全球产业链向供应链韧性与可持续发展转型的背景下，以杭州巨星科 技（002444）股份有限公司（以下简称"巨星科技"）、厦门亿联网络（300628）技术股份有限公司、深 圳市长盈精密（300115）技术股份有限公司为代表的"中国智造"企业正积极重构全球产业链布局，持续 提升全球业务竞争力。 例如 ...

Core Viewpoint - The renovation and building materials sector experienced a slight increase, closing at 18,076.57 points with a growth rate of 0.91%, driven by several stocks in the sector showing positive performance [1]. Group 1: Stock Performance - Keshun Co. closed at 7.61 CNY per share, leading the sector with a growth rate of 13.58% [1]. - Dongfang Yuhong closed at 17.95 CNY per share, with a growth rate of 7.87%, ranking second in the sector [1]. - Sankeshu closed at 57.88 CNY per share, achieving a growth rate of 7.58%, ranking third in the sector [1]. - Kangxin New Materials closed at 3.81 CNY per share, leading the decline with a drop of 8.19% [1]. - Xiong Plastic Technology closed at 10.38 CNY per share, with a decline of 3.98%, ranking second in losses [1]. - Mona Lisa closed at 16.46 CNY per share, with a decline of 3.23%, ranking third in losses [1]. Group 2: Market Outlook - China Galaxy's research report indicates that both consumption and investment are working together to expand domestic demand, with consumption upgrades driving the high-quality transformation of building materials [1]. - The Central Economic Work Conference mentioned plans to "deeply implement special actions to boost consumption" by 2026, which aligns with the 14th Five-Year Plan's suggestion to "remove unreasonable restrictions on consumption" [1]. - It is anticipated that by 2026, housing purchase restrictions in various regions will gradually be relaxed, enhancing expectations for a recovery in the home decoration market and boosting demand for building materials [1].

Core Viewpoint - In 2025, Shaanxi's total retail sales of consumer goods reached 1,158.799 billion yuan, growing by 6.0% year-on-year, surpassing the national average growth rate by 2.3% [1] Consumer Market Performance - Retail sales from enterprises above designated size increased by 7.3% year-on-year [1] - The retail sales of goods amounted to 1,031.583 billion yuan, with a growth rate of 6.2%, while catering revenue reached 127.216 billion yuan, growing by 3.7% [1] - Urban retail sales were 1,027.654 billion yuan, growing by 6.0%, and rural retail sales were 131.145 billion yuan, with a year-on-year increase of 5.5% [1] Product Category Insights - Over 60% of product categories saw retail sales growth in 2025 [2] - Automotive retail sales grew by 5.8%, with new energy vehicles seeing a significant increase of 30.6%, accounting for 53.7% of automotive sales [2] - Home appliances and audio-visual equipment retail sales surged by 27.1%, while gold and jewelry sales increased by 19.2% [2] - Basic living goods showed stable growth, with food retail sales increasing by 12.4% [2] Online Sales Growth - Retail sales through public networks for enterprises above designated size grew by 22.9%, with online sales accounting for 23.0% of total retail sales [2] Private Sector Performance - Retail sales from private enterprises above designated size increased by 9.6%, contributing 5.6 percentage points to the overall retail sales growth [3] - The share of private enterprise retail sales in total retail sales for enterprises above designated size rose to 58.4% [3]

盘面上，两市窄幅震荡，消费板块异军突起。相关ETF方面，食品饮料ETF天弘（159736）标的指数盘 中涨3.13%，成交额达3095.97万元。成分股中，酒鬼酒涨停，泸州老窖、舍得酒业、水井坊、金种子 酒、古井贡酒涨超5%，口子窖、五粮液、伊力特等多股跟涨。 消息面上，据智通财经报道，飞天茅台价格持续上涨，2025年飞天散瓶批价重回1600元关口。此外，国 常会部署促消费一揽子政策，预制菜国标加速推进；同时原奶价格低位运行，乳企成本红利显现，春节 旺季有望带来需求提振。 值得关注的是，Wind显示，食品饮料ETF天弘（159736）近4个交易日（2026年01月23日～2026年01月 28日）实现连续"吸金"，食品饮料ETF天弘（159736）最近十个交易日累计获资金净流入3898.37万元。 截至2026年01月28日，该基金最新规模为53亿元，为同标的全市场第一。 食品饮料ETF天弘（159736）是深市最大的食品饮料类ETF，该指数覆盖酒、饮料、食品三大刚需赛 道，成分股以贵州茅台、五粮液、伊利股份等行业龙头为主，相比纯白酒指数兼顾酒、奶、调味品等多 元消费场景，抗单一行业波动能力更强，适合长期布局 ...

最近，一个有趣的现象正在悄然发生：那些曾被时尚人士调侃的山姆羽绒服，如今悄然穿在了一群你可能意想不到的人身上。 数据显示，山姆会员店的羽绒服销售额近期暴涨了200%，而特卖平台唯品会上波司登、鸭鸭等国民品牌的销量也迎来上扬。 有人算过这样一笔账："一件国际大牌的溢价，足以在山姆买到三件充绒量扎实、来自同一代工厂的优质羽绒服。"这笔账算清后， 为虚无的Logo支付数千元差价，就变成了一种"沉默成本"。 驱动这股趋势的核心，是"信息差"的消弭和"认知红利"的兑现。过去，品牌通过广告、渠道和光环，在消费者心中制造了一种"高 价即高质"的认知差。 这一股热潮背后，一个核心变化是：高端消费群体正在"集体下山"。但这绝不是消费降级，恰恰相反，这是一场更清醒的"消费升 级"。 过去，高端消费者为一件万元羽绒服买单，支付的是品牌精心构建的奢侈品叙事、身份标签与社交货币。然而，当羽绒服的核心功 能——保暖——被清晰地量化为"充绒量"、"绒子含量"等参数后，一个冷静的数学问题就出现了。 他们用信息优势，绕开品牌溢价，直抵商品的价值核心，实现了实实在在的"消费平权"。这也是为什么网友都说："唯品会虽然买 不到最便宜的羽绒服，但能买 ...

Group 1 - The total value of goods trade in Liaoning Province reached 748.56 billion RMB, with exports hitting a record high of 407.73 billion RMB, reflecting a year-on-year growth of 8%, which is 1.9 percentage points higher than the national average [1] - Mechanical and electrical products accounted for a significant portion of the export value, totaling 206.36 billion RMB, also growing by 8%. Key growth areas included electrical equipment and auto parts, indicating a shift towards higher value-added and technologically advanced products [1] - Labor-intensive products such as agricultural goods and furniture also saw steady growth due to their quality, gaining international customer trust [1] Group 2 - Private enterprises played a crucial role, with import and export values reaching 390.35 billion RMB, a growth of 6.7%, and their share increasing to 52.1% [2] - ASEAN remained the largest trading partner with a trade volume of 118.08 billion RMB and a high growth rate of 23.9%. Trade with South Korea, Latin America, and Africa also showed robust growth, with trade with Africa increasing by 39% [2] - Despite fluctuations in commodity prices leading to a decline in overall imports, there was a notable increase in the import of consumer goods like seafood, reflecting consumer upgrade demands and market vitality [2]

Core Insights - In 2025, Shaanxi's total retail sales of consumer goods reached 1,158.799 billion yuan, growing by 6.0% year-on-year, surpassing the national average growth of 2.3% [1] - The growth in retail sales was driven by strong consumer demand and effective promotional policies, including trade-in programs [1] Retail Performance - Retail sales from above-designated enterprises increased by 7.3% compared to the previous year [1] - The retail sales of goods amounted to 1,031.583 billion yuan, with a growth rate of 6.2%, while catering revenue reached 127.216 billion yuan, growing by 3.7% [1] - Urban retail sales were 1,027.654 billion yuan, up 6.0%, while rural retail sales were 131.145 billion yuan, increasing by 5.5% [1] Consumer Goods Categories - Over 60% of retail categories experienced growth, with automotive goods retail sales increasing by 5.8%, significantly boosted by a 30.6% rise in new energy vehicle sales [2] - Home appliances and audio-visual equipment saw a retail sales increase of 27.1%, while gold and jewelry retail sales grew by 19.2% [2] - Basic living goods also showed stable growth, with food retail sales increasing by 12.4% [2] Online Sales Growth - Online retail sales through public networks for above-designated enterprises grew by 22.9%, with this segment accounting for 23.0% of total retail sales, an increase of 2.7 percentage points from the previous year [2] Private Sector Performance - Retail sales from private enterprises in Shaanxi increased by 9.6%, contributing 5.6 percentage points to the growth of total retail sales [3] - The share of private enterprises in total retail sales reached 58.4%, up by 1.5 percentage points from the previous year [3]

位于城市副中心的湾里项目运营一个多月来，消费热度不断攀升。市人大代表，首旅集团党委书记、董 事长白凡透露了一组数据：自去年12月19日试营业至今年1月19日满月，湾里项目累计接待游客330多万 人次，销售额突破3亿元，成功带动区域商业客流与销售双增长。 湾里为何受青睐？在白凡看来，这个京城最新的特色商业项目丰富了高品质消费供给，首店品牌占比达 一半，用约四成空间打造餐饮娱乐与体验业态的消费新场景，凭借新鲜度与稀缺性吸引不少京外消费者 专程到访。从客流数据来看，30%的顾客来自京外，"Z世代"青年和亲子家庭是主力客群。未来，湾里 将引入更多国际大品牌门店、特色娱乐体验店，挖掘消费新增量，吸引更多银发族和入境游客到访。 本报记者 潘福达 朱松梅 袁云儿 通州团全体会 现场，讨论气氛热烈。 本报记者 武亦彬摄 实施扩大内需战略是更高效率促进经济循环的关键支撑。"十五五"规划纲要（草案）提出"全面激发有 潜能的消费"，要深化国际消费中心城市建设，深入实施提振消费专项行动，更好发挥消费在经济增长 中的主引擎作用。 正在召开的市人代会上，代表们围绕丰富消费供给、拓展消费空间、改善消费环境等话题建言献策，期 待消费主引擎动 ...

【大河财立方 记者 司高妍 实习生 程小纯 文图】1月26日，河南省十四届人大四次会议开幕，省政府工作报告 在"十四五"时期和2025年工作回顾时提到，胖东来等一批新锐企业向新而生；在2026年重点工作安排时提到，推 广胖东来经验，打造一批带动面广、显示度高的消费新场景。 近年来，在胖东来效应带动下，河南商超集体成为全国零售业的关注焦点，不仅被市场称为"中国商超的河南现 象"，还成为零售业转型升级的学习对象。河南商超集体"破圈"的背后，实质上是其始终坚持"以人为本"、深耕区 域市场，持续优化供应链体系并与时俱进推动创新的结果。 让商业有温度，河南超市集体打造消费新场景 省政府工作报告中提到，2026年要打造一批带动面广、显示度高的消费新场景。当前，河南商超"天团"已有哪些 实践和探索？ 走进淘小胖鲜品馆宝龙广场店，明档厨房升腾的烟火气扑面而来：滋滋作响的现烤羊肉串、热气腾腾的手工大 包、香气四溢的各式卤味等。这些元素打破了传统商超冰冷货架的局限，唤醒消费者的体验欲望。 走进鲜风生活印象汇店，明亮通透的空间、清新雅致的装修，营造出轻盈、时尚、松弛的氛围，打破了传统超市 厚重、沉闷的刻板印象。店内不仅设有丰富的熟 ...