Core Viewpoint - Consumption is a lasting driver of economic growth and a key vehicle for meeting people's aspirations for a better life. The Minsheng Bank Jinan Branch aims to integrate financial services deeply into the entire consumption chain to inject vitality into the high-quality development of the Shandong consumption market [1] Group 1: Inclusive Finance - The Minsheng Bank Jinan Branch focuses on inclusive finance to support small and micro enterprises, which are crucial for stabilizing employment and promoting consumption. The bank has established a comprehensive financial support system for small and micro enterprises, increasing the number of inclusive loan clients from 11,503 to 17,124, a growth of 49% from 2022 to November 2025 [2] - Inclusive micro-enterprise loans increased from 17.8 billion to 25.7 billion, a rise of 7.9 billion or 44% during the same period [2] Group 2: Innovative Financial Products - The bank's "Minsheng Hui" credit loan product allows for quick access to credit, with approvals in 3 minutes and amounts up to 10 million, addressing the urgent funding needs of small and micro enterprises [3] - The bank has issued 8.4 billion in no-repayment loans to small and micro enterprises since the third quarter, alleviating financial burdens and enabling more investment in operations and consumption supply [3] Group 3: Scene Empowerment - The bank integrates financial services into various life scenarios, such as elderly care and supply chains, to activate consumption potential. It has developed a comprehensive financial service system for the elderly, enhancing their consumption experience [4] - The bank's "Honeypot Plan" and "Minsheng Quick Loan" products utilize big data to streamline loan processes, significantly reducing the time required for financing [5] Group 4: Digital Transformation - The digital transformation at Minsheng Bank Jinan Branch enhances service efficiency through online, standardized, and intelligent processes. The "Minsheng Hui" credit loan can be fully processed online, allowing small and micro enterprises to access funds without leaving their premises [7] - The bank's digital tools have improved response times and enabled precise targeting of different consumer groups, supporting sustained growth in the consumption market [7] Group 5: Future Outlook - The Minsheng Bank Jinan Branch is committed to deepening the integration of finance and consumption, aiming to contribute to the high-quality development of the Shandong consumption market with better products, more efficient services, and a warmer commitment [8]

Core Viewpoint - The Chinese health industry is entering a significant growth phase, driven by an aging population and increasing acceptance of traditional Chinese medicine, presenting substantial opportunities for companies like Shouxiangu [2] Company Strategy - Shouxiangu aims to become the leading brand in organic traditional medicine and the global leader in Ganoderma lucidum products, focusing on high-quality product offerings such as third-generation broken-wall Ganoderma spore powder and Dendrobium products [3] - The company emphasizes product quality and safety, which has garnered consumer trust and loyalty [3] - Shouxiangu's core product, Ganoderma spore powder, accounted for approximately 72% of sales in the first half of 2025, with 66.47% of sales occurring in Zhejiang Province [3] Market Expansion - The company is actively working to expand its market presence outside Zhejiang Province, where current sales are less than 10% [4] - Shouxiangu plans to adopt a dual approach for expansion: learning from successful models like those of Pianzihuang and Guizhou Moutai for rapid channel development and forming strategic partnerships with well-known pharmaceutical distribution companies [4] Digital Transformation - Digital empowerment is a key focus, with the company utilizing AI technology to enhance production efficiency and product quality, as well as employing digital marketing strategies to improve customer engagement and conversion rates [4] Industry Challenges - The traditional Chinese medicine sector faces pressures from high-end consumer contraction and inventory reduction cycles, necessitating a shift towards high-quality development [5] - Structural challenges include the need for traditional companies to innovate or risk marginalization, as well as changing consumer demographics with younger consumers becoming a significant market segment [5] Product Innovation - In response to the health trends among younger consumers, Shouxiangu is developing new products such as fermented drinks, snacks, and health teas, catering to various consumption scenarios [6] - The company is also innovating in product forms, offering tablets, capsules, and liquid forms to meet consumer demands for convenience [6]

对此，业内多次呼吁大家要清醒审视，切忌盲目跟风与本末倒置。"给极端的年轻化降降温，让白酒行 业回归真正的主流人群，才是未来行业保持健康的关键。"北京圣雄品牌策划有限公司总经理邹文武在 采访中坦言。 的确，在过度聚焦所谓"未来市场"的同时，许多企业漠视了当下真正的核心消费群体，导致品牌与基本 盘渐行渐远。"45岁-55岁是白酒绝对主力的高频人群，但近十年，大家都没有聚焦主力人群，以至于核 心消费群体被漠视，很多品牌因此被主力人群抛弃。"邹文武进一步指出，结果，年轻人也不用白酒来 解酒瘾。 当整个消费品行业都在追逐Z世代的新兴潮流时，一份国家层面的方案，为另一个庞大而富足的群体点 亮了聚光灯。 近日，工业和信息化部会同五部门联合印发的《关于增强消费品供需适配性进一步促进消费的实施方 案》，引发了广泛关注。《实施方案》明确提出，到2027年，要形成包括"老年用品"在内的三个万亿级 消费领域。 这不禁让《华夏酒报》记者开始思考：在酒业狂热追逐年轻化的另一面，那抹沉稳的"银发"，是否才是 被长期忽略的价值腹地？ 毕竟，政策的东风已来，酒业思考的天平，或许是时候该重新平衡了。 极致的年轻化迷思与主流的回归呼声 过去两年， ...

Core Insights - The 2026 "National Subsidy" policy will continue the "old-for-new" consumption initiative with an increased budget of 500 billion yuan, aimed at stimulating consumption and stabilizing economic growth [1][3][16] Group 1: Policy Overview - The "National Subsidy" policy has shown significant results since its launch in 2024, generating over 2.5 trillion yuan in sales and benefiting 360 million people [3] - The policy will focus on three main upgrades: increasing the subsidy amount, expanding coverage to new sectors, and optimizing the distribution process [4][10] Group 2: Sectoral Impacts - Traditional consumption sectors like home appliances and automobiles are expected to see a second wave of growth, with home appliance subsidies potentially increasing from 12.84 million units to 15 million units [6][8] - The service consumption sector, particularly in tourism and health, is anticipated to become a new focal point, with over 100 billion yuan in tourism vouchers expected to be issued [6][10] - Digital and green consumption will be enhanced, with subsidies for smartphones and energy-efficient appliances, benefiting companies like Apple and Huawei [8][10] Group 3: Economic Implications - The policy aims to boost domestic demand and counter economic pressures, with expectations for retail sales growth to rebound to 5%-6% in 2026 [10] - It promotes industrial upgrades by leading consumption upgrades, encouraging innovation in sectors like electric vehicles and smart home appliances [10][14] Group 4: Investment Opportunities - Key investment targets include essential consumer goods like dairy products and condiments, as well as discretionary items like home appliances and new energy vehicles [15] - The policy is seen as a long-term opportunity for investors, with potential for valuation recovery and growth in the consumer sector [16]

每经记者｜刘艳美 每经编辑｜杨欢 "第二经济大省"江苏今年经济总量将再上一个万亿元台阶。12月11日，江苏"十五五"规划建议发布。在总结"十四五"时期发展成就时，建议表示，江苏"经 济实力显著提升，全省地区生产总值预计突破14万亿元"。 面向"十五五"，面对"在推进中国式现代化中走在前作示范"的要求，江苏也在自我加压。 12月11日公布的江苏"十五五"规划建议提出，要"努力把挑大梁、作贡献更多体现在对全国经济增长贡献度提升上，体现在辐射带动能力提升上，体现在发 展协调性均衡性提升上，体现在国际合作竞争水平提升上"。 要实现这四大"提升"，前提依然是自身经济发展。江苏特别提到，把坚守实体经济、构建现代化产业体系作为强省之要。 作为第一制造大省，2024年江苏制造业增加值4.63万亿元，连续4年稳居全国首位，占GDP比重达33.8%。不过江苏也坦言，自身还面临"新旧动能转换任务 艰巨"等挑战。 为此，江苏一方面要支持冶金、化工、轻工、纺织、机械、船舶海工、建材等产业锻长板，加快向价值链中高端迈进；另一方面，要增强新一代信息技术、 新能源、新材料、生物医药、高端装备等产业优势，培育航空航天、低空经济等增长新引擎；此 ...

12月10日下午，由解放日报社与上海银行（601229）联合主办、复旦大学老龄研究院提供学术支持 的"大城养老 银发机遇"金融赋能产业融合构建银发经济新生态主题论坛在上海报业集团成功举行。上 海银行行长施红敏、副行长陈雷，解放日报社总编辑丁波，上海市民政局相关领导，上海市老年基金会 副理事长孙萍，中欧国际工商学院教授盛松成，复旦大学老龄研究院副院长胡湛等领导与专家，以及政 府、金融、产业、学术、公益组织代表齐聚一堂，共话应对老龄化挑战的金融方案与产业融合路径。 未来三年将落地1500家"美好生活工作室" 论坛的重头戏之一是上海银行"美好生活工作室"服务体系的升级发布及相关联盟的启动。上海银行副行 长陈雷介绍，"美好生活工作室"是突破传统银行网点边界、深入社区的综合服务平台，旨在让老年人在 家门口即可享受便捷公益服务，被老人们亲切地称为"家门口最温暖的俱乐部"。目前，该网络已在全国 扩展至超400家，年活动超3000场，服务超5万人次。 现场，上海银行正式发布了全新"美好生活工作室"八大公益助老服务行动，并携手解放日报社与首批合 作伙伴共同启动了"美好生活服务联盟"和"公益助老志愿者联盟"。陈雷表示，未来三年计 ...

聚焦要素保障，打好政策"组合拳" 今年以来，青岛市发展改革委锚定"中国康湾"建设战略目标，融合青岛的区位优势、资源禀赋、产业方 向和国家战略需求，以系统化思维统筹推进、以创新性政策破解难题、以多业态融合推动发展，加快实 施健康居住新生态、健康产业发展新动能、健康服务新业态等"六新"行动，相关做法入选国家发展改革 委在第八届虹桥国际经济论坛银发经济分论坛发布的典型案例。 高点站位，明确顶层设计。成立由青岛市政府主要领导任组长的推进"中国康湾"建设领导小组，下设综 合协调、健康地产、产业推进、文旅消费、品牌宣传、要素保障6个专项工作组，31个部门协同推进重 点任务。印发《青岛市加快推进"中国康湾"建设三年行动计划（2025-2027年）》《推进"中国康湾"建 设工作机制》，项目化、清单化、责任化推进各项工作落地见效。 部门协同，完善创新政策体系。精准对接康湾建设政策需求，对标研究国内先进城市已出台的更有力度 政策情况，在资金要素、土地政策、技术创新、养老补贴、产业推动等方面研究提出一揽子创新政策清 单。出台《青岛市城市社区嵌入式服务设施建设工程实施方案》《青岛市生命健康产业发展行动方案 （2025-2027年）》 ...

Group 1 - The core viewpoint of the articles highlights the strategic development and industrial growth of Jiangmen, a key city in the Guangdong-Hong Kong-Macao Greater Bay Area, following the opening of major transportation links [1][2] - Jiangmen's GDP surpassed 400 billion yuan in 2023, with a projected increase to 421.018 billion yuan in 2024, reflecting an average annual growth rate of 5.6% over the past four years, which is above the provincial average [2] - The city has seen significant industrial investment, exceeding 100 billion yuan in the past two years, with a total investment amounting to over 200 billion yuan [2] Group 2 - Over 1,000 factories have been established in Jiangmen since the beginning of 2023, with most already in operation, showcasing the city's rapid industrial development [3] - The industrial output value in Jiangmen has grown at an average annual rate of 7.6% over the past four years, ranking second among the 21 prefecture-level cities in Guangdong [2] - Jiangmen is identified as a core city for eight strategic industries in Guangdong's "14th Five-Year" manufacturing development plan, emphasizing its role in the regional industrial chain [4] Group 3 - The city is focusing on integrating industry and finance to support high-quality manufacturing development, with over 700 specialized enterprises and more than 100 potential IPO candidates requiring investment support [5] - Jiangmen is transitioning state-owned enterprises from "park developers" to "industry operators" and "ecosystem builders," aiming to enhance capital operation efficiency [5] - The establishment of a comprehensive industrial investment fund group is underway, aimed at supporting major projects through various financial instruments [5] Group 4 - The completion of the Shenzhen-Jiangmen Railway and Zhujiang-Zhaoqing High-speed Railway by the end of 2027 will significantly reduce commuting time to Guangzhou and Shenzhen, further enhancing Jiangmen's geographical advantages [4] - The city is positioning itself as a hub for high-performance computing products and smart manufacturing, aligning with the digital transformation goals of various companies [4]

我国人口老龄化程度较高，但老年人中低龄化特征显著：60至69岁的低龄老年人约占全体老年人的 56%。去年发布的中国城乡老年人生活状况抽样调查数据显示，约七成老年人赞同发挥余热、参与社会 发展。 "更好保障老年人参与政治、经济、文化和社会生活，推动实现老有所为，有利于满足老年人基本生活 需要，帮助其实现自我价值，还有利于发挥老年人潜能，为社会创造物质财富和精神财富。"中国老龄 科学研究中心研究员王莉莉说。 从2021年《中共中央国务院关于加强新时代老龄工作的意见》专门提出"促进老年人社会参与"，到2025 年民政部等19部门联合发文明确2035年老年人社会参与服务体系建设目标……我国出台系列政策措施， 不断提高老年人社会参与的积极性与便利度，拓宽社会参与渠道，为老年人更好参与经济社会生活提供 有力保障。 老年是有作为、有进步、有快乐的重要人生阶段，老年人是党和国家的宝贵财富。"十五五"规划建议提 出，积极开发老年人力资源，发展银发经济。 从社区调解到科普宣传，从乡村义诊到支教讲学……截至2025年9月底，以"银龄行动"等项目为抓手， 全国5358万老年志愿者，汇聚起16.4亿小时服务总时长，书写着老有所为的新时 ...

"更好保障老年人参与政治、经济、文化和社会生活，推动实现老有所为，有利于满足老年人基本生活需要，帮助其实现自我 价值，还有利于发挥老年人潜能，为社会创造物质财富和精神财富。"中国老龄科学研究中心研究员王莉莉说。 新华社北京12月11日电（记者朱高祥）老年是有作为、有进步、有快乐的重要人生阶段，老年人是党和国家的宝贵财富。"十 五五"规划建议提出，积极开发老年人力资源，发展银发经济。 从社区调解到科普宣传，从乡村义诊到支教讲学……截至2025年9月底，以"银龄行动"等项目为抓手，全国5358万老年志愿 者，汇聚起16.4亿小时服务总时长，书写着老有所为的新时代动人篇章。 我国人口老龄化程度较高，但老年人中低龄化特征显著：60至69岁的低龄老年人约占全体老年人的56%。去年发布的中国城 乡老年人生活状况抽样调查数据显示，约七成老年人赞同发挥余热、参与社会发展。 2024年12月5日，北京市西城区老墙根社区的老年志愿者在编织围巾。新华社记者 李欣 摄 从2021年《中共中央 国务院关于加强新时代老龄工作的意见》专门提出"促进老年人社会参与"，到2025年民政部等19部门 联合发文明确2035年老年人社会参与服务体系 ...