山川异域，风月同天。社投盟2025「走进日本·中日产业协同」可持续商业之旅圆满收官。 7 天行程，11 场高规格参访交流，社投盟考察团从大阪到东京，走进联合国开发计划署(UNDP)驻日代 表事务所，对话日本可持续发展领军人物、影响力投资推动者涩泽健先生；前往早稻田大学，与专家对 话，思考日本经济社会转型对中国的启示；与瑞穗银行、三菱日联银行等金融智库探讨中日 ESG 与绿 色金融协同路径；访问松下集团与野村综合研究所(NRI)，共同探讨 ESG 本地化实践与创新管理案例； 深入当地著名养护院——善光会和伸江福祉会，感受科技与人文的融合；走进 GROOVE X 株式会社， 沉浸式体验 Lovot 情感机器人所带来的"暖心科技"…… 从 ESG 创新到银发经济，从前沿技术到高校思辨，社投盟以"知日、鉴中、共创"为关键词，聚焦智能 制造、银发经济、ESG 与可持续金融三大议题，系统链接两国在战略实践、产业转化、技术创新等维 度核心资源，探索协同共创的可持续未来图景。 接下来，让我们一起回顾这段"跨越山海"的中日可持续的产业协同之旅。 领袖对话：跨越山海的思想共振 令人印象深刻的是，可持续发展理念已融入日本社会日常。 ...

在社会责任方面，《财经新康养》注意到，锦江酒店在2025年半年报中表示，境内有限服务酒店板块形 成"轻改造、重体验"适老化路径，围绕贴心服务、安心守护、健康餐饮三大维度，在住前、住中、住后 全流程，重塑适老化产品服务标准，落地适老化产品服务标准，开启规模化试点推广。 此外，在视障友好建设方面，锦江酒店表示，境内有限服务酒店板块在华南区开启"视障友好"服务试 点，合作专业视障设计团队，基于住客入住全流程，在保障安全、快速响应、尊重尊严与隐私的基本要 求下，发布《"视障友好"服务标准（试行版）》，并经实地调研及视障客群痛点剖析，研发上线"视障 友好"贴纸产品。此外，境内有限服务酒店板块发布《导盲犬接待提示》，重申不可拒绝导盲犬入住要 求。 近日，锦江酒店在互动平台向投资者表示，2025年三季度，公司加速推进度假酒店细分市场布局，在云 南、海南、四川等地发布4条适老化度假产品，并深化庭冉云居、非繁云居等品牌建设。通过精准匹配 银发经济与亲子游需求，提升品牌差异化竞争力。2025年1至9月，锦江酒店实现营收102.41亿元，同比 下降5.09%；实现归母净利润7.46亿元，同比下降32.52%。 锦江酒店阐述，202 ...

Group 1 - The elderly population in Linyi, Shandong Province exceeds 2.6 million, making it the city with the largest elderly population in the province [1] - The People's Bank of China in Linyi is promoting financial services integrated into the "Filial Piety Linyi" elderly care brand, focusing on creating a comprehensive financial product system for the elderly [1] - Agricultural Bank of China Linyi Branch has issued a loan of 60 million yuan to Aishule Health Products, a leading company in adult incontinence care, highlighting the growth potential of the elderly care industry [2][3] Group 2 - The Agricultural Bank of China Linyi Branch has established a regular tracking mechanism for elderly care projects, optimizing financial support strategies and offering various tailored loan products [3] - As of August, the loan balance for the elderly care industry in Linyi reached 329 million yuan, a 67.9% increase from the beginning of the year [3] - The People's Bank of China in Linyi is building a multi-level elderly care service system that combines home, community, and institutional care, supported by local ecological resources [4] Group 3 - The total amount of elderly deposits in Linyi reached 413 million yuan, a 116.2% increase from the beginning of the year, indicating a growing financial product system for the elderly [5] - Financial institutions in Linyi have established over 1,300 bank branches with green channels for the elderly, providing various facilities to enhance accessibility [5] - The city is advancing several key health and elderly care projects, with 50 major projects underway, including the Yunmeng Sun City International Health and Wellness Town [4]

Core Insights - The Chinese tourism market is experiencing both total expansion and structural transformation, with the travel residence demand gradually replacing traditional tourism models. A mere 5% shift towards travel residence could create a market increment of 250 billion yuan [5] - The travel residence and elderly care sector has become a national strategy, with significant policy support from the central government aimed at developing new consumption models and promoting high-quality development in the industry [5][21] - Despite a 217% growth in the travel residence market over three years, less than 30% of projects are profitable, indicating a need for sustainable development strategies [5][23] Market Dynamics - The travel residence market in China has surpassed 5 trillion yuan, driven by consumption upgrades and an aging population [5] - In 2024, the number of tourists in Beihai reached 61.21 million, a 16.6% increase from 2023, highlighting the growing importance of the travel residence demographic in the tourism sector [11] - The travel residence sector is becoming a crucial driver for economic transformation in Beihai, with the potential to enhance hotel occupancy rates during off-peak seasons [11][21] Challenges and Shortcomings - Key issues affecting the travel residence experience include transportation, talent shortages, product offerings, and cultural barriers, which impact the overall satisfaction of residents [7][8] - The lack of clear definitions and standards for "travel residence" complicates industry management and hinders effective planning and resource allocation [12][13] - Regulatory ambiguities between travel and elderly care institutions lead to inconsistent service quality and operational challenges [12][13] Innovative Practices and Solutions - Beihai's establishment of the first travel resident association in China serves as a model for community engagement and governance, transforming the perception of travel residents from outsiders to integral community members [15][16] - The association has successfully addressed over 30 community issues, enhancing the quality of life for residents through organized feedback mechanisms and volunteer initiatives [16][17] - Cultural integration activities foster a sense of belonging among diverse ethnic groups, contributing to a cohesive community atmosphere [18][19] Policy Initiatives - The Beihai government has initiated a three-year action plan to enhance the tourism industry, emphasizing the development of the travel residence economy [21][28] - Plans to create a "travel service chain" by integrating elderly care facilities with tourism resources aim to improve service delivery and enhance the travel experience for elderly residents [22] - The establishment of vocational training programs in elderly care is expected to address the talent shortage in the travel residence sector, thereby improving service quality [22][26] Future Outlook - The travel residence market in Guangxi is projected to grow significantly, with expectations of reaching 20 million visitors in the next decade [24] - The government aims to implement a comprehensive policy framework to support the integration of travel, elderly care, and cultural services, creating a robust ecosystem for the travel residence industry [28][29] - Collaborative efforts among various stakeholders, including government, market entities, and social organizations, are essential for overcoming existing challenges and achieving sustainable growth in the travel residence sector [29]

Core Viewpoint - The new South Korean ambassador to China, Lu Zai Xian, emphasizes the importance of strengthening strategic communication and mutual cooperation between South Korea and China, aiming to enhance the welfare of both nations' citizens [2][3]. Group 1: Bilateral Relations - The meeting between the leaders of South Korea and China is significant as it marks the first official talks since the new South Korean president took office, highlighting the enduring cooperative relationship despite changing external conditions [2][3]. - Lu Zai Xian recalls the friendly and candid atmosphere during the leaders' discussions, which resulted in several positive outcomes [2][3]. Group 2: Economic Cooperation - The two countries have agreed to explore cooperation in emerging fields such as artificial intelligence, biopharmaceuticals, green industries, and the silver economy, which are seen as future economic growth drivers [3][4]. - This collaboration is expected to enhance the quality of economic and trade relations, bringing substantial social and livelihood benefits [3][4]. Group 3: Cultural Exchange - The ambassador highlights the importance of youth exchanges in fostering mutual understanding and friendship between the two nations, as young people are in a critical period of cognitive development [4]. - Initiatives like the popularity of the giant panda "Fu Bao" and the trend of "weekend trips to Shanghai" among South Korean youth are seen as positive cultural ties that can strengthen bilateral relations [4]. Group 4: Regional Cooperation - Lu Zai Xian advocates for cooperation beyond bilateral levels, suggesting that South Korea and China can work together to contribute positively to regional and global peace and development [4]. - The ambassador mentions the role of the Asia-Pacific Economic Cooperation (APEC) in promoting regional trade and investment liberalization, with China hosting the upcoming APEC meeting in Shenzhen [4].

Group 1 - The new South Korean ambassador to China, Lu Zaixian, aims to strengthen strategic communication and promote mutual cooperation between South Korea and China, enhancing the welfare of both nations [1] - The upcoming visit of President Xi Jinping to South Korea marks a significant moment in bilateral relations, being his first state visit in 11 years and the first meeting with the new South Korean president [1] - Both leaders agree that despite changing internal and external environments, the cooperative nature of South Korea-China relations remains unchanged, focusing on mutual benefits and exploring future development directions [1][2] Group 2 - The ambassador emphasizes the importance of deepening cooperation in emerging fields such as artificial intelligence, biopharmaceuticals, green industries, and the silver economy, which are seen as future economic growth drivers [2] - The future of South Korea-China relations is rooted in the friendship between the peoples of both countries, highlighting the significance of youth exchanges and mutual understanding [2] - The ambassador expresses a strong sense of responsibility and mission in his role, aiming to create meaningful outcomes in the development of South Korea-China relations [3]

Group 1 - The new South Korean ambassador to China, Lu Zaixian, aims to strengthen strategic communication between South Korea and China, promote mutual cooperation in business, and enhance emotional resonance among the people of both countries [2][3] - The upcoming visit of President Xi Jinping to South Korea from October 30 to November 1 is significant as it marks his first state visit to South Korea in 11 years and the first meeting between the two leaders since the inauguration of President Yoon Suk-yeol [2][3] - Both leaders agree that despite changing internal and external environments, the cooperative nature of South Korea-China relations remains unchanged, and they will explore future development directions together [2][3] Group 2 - The bilateral relationship has evolved from complementary vertical division of labor to closer horizontal cooperation, with a focus on emerging fields such as artificial intelligence, biopharmaceuticals, green industries, and the silver economy [3][4] - The ambassador emphasizes the importance of youth exchanges in fostering friendly relations, as young people from both countries are seen as a valuable asset for future cooperation [4][5] - The APEC framework is highlighted as a platform for regional cooperation, with South Korea expressing a commitment to collaborate on trade and investment liberalization, digital economy, and inclusive development [4][5]

Investment Rating - The report maintains a "Recommended" rating for the hotel and duty-free industries, indicating a positive outlook for operational improvements in these sectors [1]. Core Viewpoints - Despite the overall pressure on consumption in the current macro environment, a structural recovery trend in certain consumer service sectors is becoming increasingly evident. Operational improvements are being observed, suggesting a gradual exit from the bottom range [4]. - The hotel industry is experiencing an optimization in supply-demand dynamics, with core operational data showing marginal improvements, indicating a mild upward trend in industry prosperity supported by sustained travel demand [4]. - The duty-free industry is expected to benefit from policy incentives, particularly with the upcoming operational phase in Hainan and the continued rollout of related policies, which are anticipated to catalyze new growth opportunities [4]. Industry Basic Data - The consumer services industry comprises 55 listed companies with a total market capitalization of 498.804 billion yuan and a circulating market capitalization of 457.081 billion yuan [1]. Market Performance - The consumer services sector experienced a decline of 4.86% this week, while the overall A-share market fell by 5.14%. The CSI 300 index decreased by 3.77% [7][23]. - Notable stocks in the consumer services sector that performed well include Dalian Shengya, Chuangye Heima, and Shangri-La (Asia) [4]. Important Announcements - Huazhu Group reported a 17.5% year-on-year increase in hotel revenue for Q3 2025, reaching 30.6 billion yuan, with net profit of 1.5 billion yuan [30]. - Ctrip Group's Q3 net operating revenue was approximately 18.3 billion yuan, reflecting a 16% year-on-year growth, with a net profit increase of 192.6% [30]. - Wanwu Xingsheng achieved a total revenue of 5.15 billion yuan in Q3 2025, marking a 27.1% year-on-year increase [30]. Upcoming Shareholder Meetings - Several companies in the consumer services sector have scheduled shareholder meetings in the coming month, including Bubu Gao on December 11, Guilin Tourism on December 5, and Guangzhou Restaurant on November 28 [31].

旭化成对钛媒体App毫不避讳地指出，日本严峻的老龄化趋势是推动他们转型的最初动因。而中国社 会"未富先老"、"加速变老"的现实，则意味着一个潜力更为巨大的市场正在形成。 "银发经济"不再是停留在纸面上的概念，它正转化为具体而迫切的技术需求。国际研究（Journal of Orthopaedic Surgery and Research, 2022）的报告也显示，约有 26% 的老年人每年都会经历跌倒。其中， 老年人独居时的安全，特别是浴室跌倒这一高发风险，成为了一个清晰且强劲的入口。 过去市场上主要有传统解决方案，一类通过智能手环、睡眠带等可穿戴设备，监测老年人身体状况。另 一类则是以摄像头视觉路线为主，子女借助家装摄像头，监测老年人是否有意外情况发生。 当业界还在热议车载毫米波雷达如何与激光雷达、摄像头融合，在智能驾驶的"内卷"中寻求突破时，一 批敏锐的探路者，已经带着这项成熟的技术，悄然推开了一扇新的大门——居家健康监测。 调查显示，我国90%以上的老年人选择居家养老。而对于居家养老老人来说，一个难题就会摆在台面 上：健康情况如何监测？意外跌倒如何及时响应？独居老人健康如何保障？ "银发科技"崛起，"浴室 ...

Core Insights - The personal pension system in China, launched on November 25, 2022, has completed three years, leading to significant changes in the pension financial market and the silver economy, reshaping the entire pension industry chain [1] - The transition of the pension system from "basic support" to "happiness in old age" is underway, but there remains a structural mismatch between supply and demand [1] - The awareness of residents regarding pension savings has shifted from merely having savings to focusing on long-term planning [1][2] Group 1: Changes in Pension Awareness and Financial Products - The introduction of the personal pension system has led to a structural change in residents' pension savings behavior, with a growing emphasis on long-term planning rather than just having savings [1][2] - Financial institutions are accelerating their layout adjustments, moving from merely selling products to providing systematic and long-term solutions for pension planning [2] - The awakening of the third pillar of pension savings indicates that residents are beginning to plan for retirement from a lifecycle perspective [2] Group 2: Financial Institutions' Strategies and Innovations - National pension funds are exploring a "light asset, light institution, light personnel" operational model to enhance efficiency and reduce costs through digitalization [2] - Insurance funds are becoming a crucial stabilizer for pension investments due to their stable returns and long duration, aligning well with the safety and long-term needs of pension funds [2] - Large banks are constructing a comprehensive "pension finance + service + industry" ecosystem, with Industrial and Commercial Bank of China managing over 5.8 trillion yuan in pension assets [3] Group 3: Community and Service Innovations - The urbanization rate in China has reached 67%, with 940 million people living in cities, making community services a critical factor in determining the quality of life for the elderly [3] - There is a significant demand for elderly-friendly renovations, with over 110 million households needing such modifications, indicating a mismatch between supply and demand [3] - The integration of services, products, and technology in the pension sector is expected to address traditional service industry labor shortages and create new opportunities across various sectors [4]